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PPP Loan Data — Marymount School Of New York,
New York, NY
Marymount School Of New York
Entity: Corporation
Industry: Office Administrative Services
Location: New York, NY
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Marymount School Of New York is a corporation located at 1026 Fifth Avenue in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,001,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
432Loan Approved:
2020-04-27Lender:
MUFG UNION BANK, NATIONAL ASSOCIATIONMarymount School Of New York in New York, NY received a Paycheck Protection Loan of $4M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marymount School Of New York's total 2019 payroll expenses were approximately $19.21M in order to qualify for the PPP loan amount received.
Based on their reported 432 jobs retained, this equals an estimated average yearly compensation of $44,466 per employee1.
Business Information - Marymount School Of New York in New York, NY
1026 Fifth Avenue
New York, NY 10028
Business Industry
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 11 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 432) and received an average PPP loan of $430,088 (compared to this company's $4M).
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Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 98% lower than Marymount School Of New York's reported 432 employees, and received an average PPP loan of $95,712, 98% lower than this company's loan of $4M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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