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PPP Loan Data — New York Road Runners, Inc.,
New York, NY
New York Road Runners, Inc.
Entity: Non-profit Organization
Industry: Other Spectator Sports
Location: New York, NY
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New York Road Runners, Inc. is a non-profit organization located at 156 W 56th St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,700,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
288Loan Approved:
2020-04-11Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONNew York Road Runners, Inc. in New York, NY received a Paycheck Protection Loan of $4.7M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, New York Road Runners, Inc.'s total 2019 payroll expenses were approximately $22.56M in order to qualify for the PPP loan amount received.
Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $78,333 per employee1.
Business Information - New York Road Runners, Inc. in New York, NY
156 W 56th St
New York, NY 10019
Business Industry
Other Spectator Sports (NAICS code 711219)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Industry PPP Comparison Statistics
Nationwide, 2,945 businesses in the "Other Spectator Sports" industry received a total of $139,187,272.00 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 6 employees, 98% lower than New York Road Runners, Inc.'s reported 288 employees, and received an average PPP loan of $47,262, 99% lower than this company's loan of $4.7M.
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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