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PPP Loan Data — Psyop Media Company, LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for Psyop Media Company, LLC
NY

Psyop Media Company, LLC

Entity: Limited Liability Company (LLC)

Industry: Motion Picture and Video Production

Location: New York, NY

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Psyop Media Company, LLC is a limited liability company (LLC) located at 45 Howard St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $3,914,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.91M

Jobs Retained:

264

Loan Approved:

2020-04-09

Lender:

BNB BANK

Psyop Media Company, LLC in New York, NY received a Paycheck Protection Loan of $3.91M through BNB BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Psyop Media Company, LLC's total 2019 payroll expenses were approximately $18.79M in order to qualify for the PPP loan amount received.

Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $71,178 per employee1.

Because the loan received by Psyop Media Company, 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 - Psyop Media Company, LLC in New York, NY

Psyop Media Company, LLC
45 Howard St
New York, NY 10013

Business Industry

Motion Picture and Video Production (NAICS code 512110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 112 businesses in the "Motion Picture and Video Production" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 264) and received an average PPP loan of $181,284 (compared to this company's $3.91M).

Industry PPP Comparison Statistics

Nationwide, 12,751 businesses in the "Motion Picture and Video Production" industry received a total of $753,529,815.00 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 5 employees, 98% lower than Psyop Media Company, LLC's reported 264 employees, and received an average PPP loan of $59,096, 98% lower than this company's loan of $3.91M.

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.

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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/psyop-media-company-llc-new-york-ny