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PPP Loan Data — Phyton Talent Advisors LLC,
New York, NY
Phyton Talent Advisors LLC
Entity: Limited Liability Company (LLC)
Industry: Other Scientific and Technical Consulting Services
Location: New York, NY
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Phyton Talent Advisors LLC is a limited liability company (LLC) located at 90 Broad Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,683,600.00 in April, 2020.
$
PPP Loan Information
Loan #1847407301
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Loan Source IncorporatedPhyton Talent Advisors LLC in New York, NY received a Paycheck Protection Loan of $3.68M through Loan Source Incorporated, which was approved in April, 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 February, 2022.
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, Phyton Talent Advisors LLC's 2019 payroll expenses are estimated to be at least $17.68M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $35,363 per employee1
Reported PPP Proceed Usage:
On the PPP application, Phyton Talent Advisors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,683,600
Business Information - Phyton Talent Advisors LLC in New York, NY
90 Broad Street
New York, NY 10004
Business Industry:
Other Scientific and Technical Consulting Services
NAICS code 541690
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Phyton Talent Advisors LLC.
Bridge Nail & Spa Inc
Nail Salons
City Tales Sightseeing And Private Tours-Sba Small 7A Term
Unknown
Searchpilot USA Inc
Software Publishers
Mark L Lubelsky Attorney At Law
Offices of Lawyers
JP West, Inc
Insurance Agencies and Brokerages
Haskell Brokerage Corp
Insurance Agencies and Brokerages
New Music USA Inc
Other Grantmaking and Giving Services
Blue World (New York) Inc
All Other Professional, Scientific, and Technical Services
Similar Companies near New York
In the New York area, 31 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 500) and received an average PPP loan of $251,527 (compared to this company's $3.68M).
Similar Nearby Businesses Who Received PPP Funding:
Everglades Technologies, LLC
New York, NY
Degaetano Pastore Inc
New York, NY
Palisades Convention Management, Inc
New York, NY
IB Ingemann Olsen
New York, NY
Kasra Saidi
New York, NY
Consolidate Energy Solutions, LLC
New York, NY
Management Services Partners Inc
New York, NY
Excelerate LLC
New York, NY
The Austin Advisory Group
New York, NY
Industry PPP Comparison Statistics
Nationwide, 27,931 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2.09B 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 6 employees, 99% lower than Phyton Talent Advisors LLC's reported 500 employees, and received an average PPP loan of $74,801, 98% lower than this company's loan of $3.68M.
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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