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PPP Loan Data — Park Hudson International LLC,
New York, 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 W 35th St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 172 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4990668410
Loan Size:
Jobs Retained:
172Loan Approved:
2021-02-07Loan Status:
Ongoing LoanLender:
New York Business Development CorporationPark Hudson International LLC in New York, NY received a Paycheck Protection Loan of $2M through New York Business Development Corporation, which was approved in February, 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.
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, Park Hudson International LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $55,814 per employee1
Reported PPP Proceed Usage:
On the PPP application, Park Hudson International LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Park Hudson International LLC in New York, NY
212 W 35th St
New York, NY 10001
Business Industry:
Professional Employer Organizations
NAICS code 561330
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Park Hudson International LLC.
Prime Fabrics Inc
Other Miscellaneous Durable Goods Merchant Wholesalers
Meltzer LLP
Offices of Certified Public Accountants
Algren Associates Inc
Insurance Agencies and Brokerages
Hofmann & Schweitzer PC
All Other Legal Services
Similar Companies near New York
In the New York area, 4 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 172) and received an average PPP loan of $1,236,504 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Maurice Mazyck
New York, NY
Industry PPP Comparison Statistics
Nationwide, 2,899 businesses in the "Professional Employer Organizations" industry received a total of $732.04M 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 27 employees, 84% lower than Park Hudson International LLC's reported 172 employees, and received an average PPP loan of $252,514, 87% lower than this company's loan of $2M.
Park Hudson International, LLC
Entity: Limited Liability Company (LLC)
Industry: Professional Employer Organizations
Location: New York, NY
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•
Search All PPP Data
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, and employed at least 165 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3459747110
Loan Size:
Jobs Retained:
165Loan Approved:
2020-04-11Loan Status:
Ongoing LoanLender:
New York Business Development CorporationPark 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.
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.
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, Park Hudson International, LLC's 2019 payroll expenses are estimated to be at least $14.09M.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $85,391 per employee1
Reported PPP Proceed Usage:
On the PPP application, Park Hudson International, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,935,300
Business Information - Park Hudson International, LLC in New York, NY
212 West 35th Street
New York, NY 10001
Business Industry:
Professional Employer Organizations
NAICS code 561330
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Park Hudson International, LLC.
Prime Fabrics Inc
Broadwoven Fabric Mills
Similar Companies near New York
In the New York area, 4 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 165) and received an average PPP loan of $1,236,504 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
Maurice Mazyck
New York, NY
Industry PPP Comparison Statistics
Nationwide, 2,899 businesses in the "Professional Employer Organizations" industry received a total of $732.04M 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 27 employees, 84% lower than Park Hudson International, LLC's reported 165 employees, and received an average PPP loan of $252,514, 91% 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, 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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