PPP Loan Data — New York Hall Of Science, Corona, NY
New York Hall Of Science is a non-profit organization located at Shih-chang Lu in Corona, New York that received a Coronavirus-related PPP loan from the SBA of $2,514,275.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
New York Hall Of Science received a Paycheck Protection Loan of $2.51M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, New York Hall Of Science's total 2019 payroll expenses were approximately $12.07M in order to qualify for the PPP loan amount received.
Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $42,346 per employee1.
Business Information - New York Hall Of Science in Corona, NY
Corona, NY 11368
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-14
Similar Companies near Corona
In the Corona area, 3 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 285) and received an average PPP loan of $1,030,060 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Queens Museum Of Art
Louis Armstrong House Museum
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 94% lower than New York Hall Of Science's reported 285 employees, and received an average PPP loan of $162,172, 94% lower than this company's loan of $2.51M.
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.
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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