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PPP Loan Data — New Mott Apartment Corp, New York, NY

SBA PPP loan data, payroll data, and salaries for New Mott Apartment Corp
NY

New Mott Apartment Corp

Entity: Housing Co-op

Industry: Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)

Location: New York, NY

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New Mott Apartment Corp is a housing co-op located in New York, New York that received a Coronavirus-related PPP loan from the SBA of $1,225.00 in February, 2021.

$ PPP Loan Information
Loan #6077518410

Loan Size:

$1,225

Jobs Retained:

1

Loan Approved:

2021-02-10

Loan Status:

Paid in Full or Forgiven

Lender:

National Cooperative Bank, National Association

New Mott Apartment Corp in New York, NY received a Paycheck Protection Loan of $1,225 through National Cooperative Bank, National Association, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, New Mott Apartment Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,225

Business Information - New Mott Apartment Corp in New York, NY

New Mott Apartment Corp
New York, NY
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as New Mott Apartment Corp.

Jeffrey Gibbons
All Other Personal Services

$13,035 PPP Loan

Similar Companies near New York

In the New York area, 30 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 1) and received an average PPP loan of $230,177 (compared to this company's $1,225).

Industry PPP Comparison Statistics

Nationwide, 8,711 businesses in the "Other Similar Organizations (except Business, Professional, Labor, and Political Organizations)" industry received a total of $670.12M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 9 employees, 800% higher than New Mott Apartment Corp's reported 1 employees, and received an average PPP loan of $76,928, 6180% higher than this company's loan of $1,225.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/new-mott-apartment-corp-new-york-ny