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PPP Loan Data — New Southwards Signns Service Inc, Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for New Southwards Signns Service Inc

New Southwards Signns Service Inc

Entity: Corporation

Industry: Other Building Equipment Contractors

Location: Brooklyn, NY

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New Southwards Signns Service Inc is a corporation located in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $1,250.00 in April, 2021.

$ PPP Loan Information
Loan #6648208710

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Customers Bank

New Southwards Signns Service Inc in Brooklyn, NY received a Paycheck Protection Loan of $1,250 through Customers Bank, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 Southwards Signns Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,248
  • Utilities: $1

Business Information - New Southwards Signns Service Inc in Brooklyn, NY

New Southwards Signns Service Inc
Brooklyn, NY
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Building Equipment Contractors
NAICS code 238290

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: Y

HUBZone: Y

Rural / Urban: Urban

Kings County, NY — SBA Office 0202 — Congressional District: NY-11

Similar Companies near Brooklyn

In the Brooklyn area, 3 businesses in the "Other Building Equipment Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $70,866 (compared to this company's $1,250).

Industry PPP Comparison Statistics

Nationwide, 8,645 businesses in the "Other Building Equipment Contractors" industry received a total of $1.24B 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 11 employees, 1000% higher than New Southwards Signns Service Inc's reported 1 employees, and received an average PPP loan of $143,269, 11362% higher than this company's loan of $1,250.

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.

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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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** This Document Provided By - The Civil Employee's Resource **