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PPP Loan Data — Milos, Inc.,
New York, NY
Milos, Inc.
Entity: Corporation
Industry: Full-Service Restaurants
Location: New York, NY
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Milos, Inc. is a corporation located at 125 West 55th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,453,120.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
120Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONMilos, Inc. in New York, NY received a Paycheck Protection Loan of $2.45M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Milos, Inc.'s total 2019 payroll expenses were approximately $11.77M in order to qualify for the PPP loan amount received.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $98,125 per employee1.
Business Information - Milos, Inc. in New York, NY
125 West 55th Street
New York, NY 10019
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 233 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 120) and received an average PPP loan of $308,576 (compared to this company's $2.45M).
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Westfield Market Place Corp
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Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 83% lower than Milos, Inc.'s reported 120 employees, and received an average PPP loan of $116,685, 95% lower than this company's loan of $2.45M.
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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