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PPP Loan Data — New York Road Runners, Inc., New York, NY

SBA PPP loan data, payroll data, and salaries for New York Road Runners, Inc.
NY Nonprofit Organization

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:

$4.7M

Jobs Retained:

288

Loan Approved:

2020-04-11

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

New 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.

Because the loan received by New York Road Runners, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - New York Road Runners, Inc. in New York, NY

New York Road Runners, Inc.
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-12

Industry 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/new-york-road-runners-inc-new-york-ny