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PPP Loan Data — Nicole Migeon Architect, PLLC,
New York, NY
Nicole Migeon Architect, PLLC
Entity: Limited Liability Company (LLC)
Industry: Architectural Services
Location: New York, NY
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Nicole Migeon Architect, PLLC is a limited liability company (LLC) located at 136 E 36th St Apt 4b in New York, New York that received a Coronavirus-related PPP loan from the SBA of $31,300.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least four people during the applicable loan loan period.
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PPP Loan Information
Loan #1526817708
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationNicole Migeon Architect, PLLC in New York, NY received a Paycheck Protection Loan of $31,300 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Nicole Migeon Architect, PLLC's 2019 payroll expenses are estimated to be at least $150,240.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $37,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nicole Migeon Architect, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,375
- Utilities: $662
- Rent: $663
- Health Care: $5,600
Business Information - Nicole Migeon Architect, PLLC in New York, NY
136 E 36th St Apt 4b
New York, NY 10016
Business Industry:
Architectural Services
NAICS code 541310
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 109 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 4) and received an average PPP loan of $294,295 (compared to this company's $31,300).
Similar Nearby Businesses Who Received PPP Funding:
H Architecture, PC
New York, NY
Terjesen Associates Architects PC
New York, NY
Issac & Stern Architects PC
New York, NY
Richard Lucas
New York, NY
DPM Architecture PC
New York, NY
Building Conservation Associates, Inc
New York, NY
Stephenson Roche LLC
Manhattan, NY
Robert A.m. Stern Architects, LLP
New York, NY
Ascher Davis Architects LLP
New York, NY
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 100% higher than Nicole Migeon Architect, PLLC's reported 4 employees, and received an average PPP loan of $129,489, 314% higher than this company's loan of $31,300.
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.
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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