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PPP Loan Data — Marymount School Of New York, New York, NY

SBA PPP loan data, payroll data, and salaries for Marymount School Of 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:

$4M

Jobs Retained:

432

Loan Approved:

2020-04-27

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Marymount 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.

Because the loan received by Marymount School Of New York is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Marymount School Of New York in New York, NY

Marymount School Of New York
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-12

Similar 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).

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/marymount-school-of-new-york-new-york-ny