PPP Loan Data — New York College Of Podiatric Medicine, New York, NY
New York College Of Podiatric Medicine is a non-profit organization located at 53 East 124th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $1,871,250.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
New York College Of Podiatric Medicine in New York, NY received a Paycheck Protection Loan of $1.87M through TD Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, New York College Of Podiatric Medicine's 2019 payroll expenses are estimated to be at least $8.98M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $44,910 per employee1
Reported PPP Proceed Usage:
On the PPP application, New York College Of Podiatric Medicine reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,871,250
Business Information - New York College Of Podiatric Medicine in New York, NY
53 East 124th Street
New York, NY 10035
Colleges, Universities, and Professional Schools
NAICS code 611310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 4 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 200) and received an average PPP loan of $792,639 (compared to this company's $1.87M).
Similar Nearby Businesses Who Received PPP Funding:
Helene Fuld College Of Nursing
New York, NY
New York, NY
DE La Salle Academy
New York, NY
Industry PPP Comparison Statistics
Nationwide, 3,280 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $2.08B 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 76 employees, 62% lower than New York College Of Podiatric Medicine's reported 200 employees, and received an average PPP loan of $633,118, 66% lower than this company's loan of $1.87M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!