PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Padam Kala, New York, NY

ALERT: There are 2 PPP loans for a total of $21,390 in our database for businesses with the name "Padam Kala" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Padam Kala
NY

Padam Kala

Entity: Sole Proprietorship

Industry: Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers

Location: New York, NY

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Padam Kala is a sole proprietorship located in New York, New York that received a Coronavirus-related PPP loan from the SBA of $10,827.00 in January, 2021.

$ PPP Loan Information
Loan #5623238304

Loan Size:

$10,827

Jobs Retained:

1

Loan Approved:

2021-01-25

Loan Status:

Ongoing Loan

Lender:

Santander Bank, National Association

Padam Kala in New York, NY received a Paycheck Protection Loan of $10,827 through Santander Bank, National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Padam Kala reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,824
  • Utilities: $1

Business Information - Padam Kala in New York, NY

Padam Kala
New York, NY
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 1,362 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $52,392 (compared to this company's $10,827).

Industry PPP Comparison Statistics

Nationwide, 8,772 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a total of $483.19M 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 5 employees, 400% higher than Padam Kala's reported 1 employees, and received an average PPP loan of $55,083, 409% higher than this company's loan of $10,827.

SBA PPP loan data, payroll data, and salaries for Padam Kala
NY

Padam Kala

Entity: Sole Proprietorship

Industry: Unclassified Establishments

Location: New York, NY

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Padam Kala is a sole proprietorship located in New York, New York that received a Coronavirus-related PPP loan from the SBA of $10,563.00 in April, 2020.

$ PPP Loan Information
Loan #7317397300

Loan Size:

$10,563

Jobs Retained:

1

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

Santander Bank, National Association

Padam Kala in New York, NY received a Paycheck Protection Loan of $10,563 through Santander Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Padam Kala reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,563

Business Information - Padam Kala in New York, NY

Padam Kala
New York, NY
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Unclassified Establishments
NAICS code 999990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Similar Companies near New York

In the New York area, 109 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $97,872 (compared to this company's $10,563).

Industry PPP Comparison Statistics

Nationwide, 85,914 businesses in the "Unclassified Establishments" industry received a total of $3.69B 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 10 employees, 900% higher than Padam Kala's reported 1 employees, and received an average PPP loan of $42,927, 306% higher than this company's loan of $10,563.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/padam-kala-new-york-ny