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PPP Loan Data — Park Hudson International, LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for Park Hudson International, LLC
NY

Park Hudson International, LLC

Entity: Limited Liability Company (LLC)

Industry: Professional Employer Organizations

Location: New York, NY

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Park Hudson International, LLC is a limited liability company (LLC) located at 212 West 35th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,935,300.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$2.94M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-11

Lender:

NEW YORK BUSINESS DEVELOPMENT CORPORATION

Park Hudson International, LLC in New York, NY received a Paycheck Protection Loan of $2.94M through NEW YORK BUSINESS DEVELOPMENT CORPORATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Park Hudson International, LLC's total 2019 payroll expenses were approximately $14.09M in order to qualify for the PPP loan amount received.

Unlike most businesses, Park Hudson International, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Park Hudson International, LLC 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 - Park Hudson International, LLC in New York, NY

Park Hudson International, LLC
212 West 35th Street
New York, NY 10001

Business Industry

Professional Employer Organizations (NAICS code 561330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NY-10

Industry PPP Comparison Statistics

Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 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 38 employees, and received an average PPP loan of $419,354, 86% lower than this company's loan of $2.94M.

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.

Search FederalPay's Full PPP Loan Database

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/park-hudson-international-llc-new-york-ny