PPP Loan Data — Qsac Inc, New York, NY
Location: New York, NYTweet This • Search All PPP Data
Qsac Inc is a corporation located at 253 West 35th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $7,000,000.00 in April, 2020.
$ PPP Loan Information
Qsac Inc received a Paycheck Protection Loan of $7M through BNB BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Qsac Inc's total 2019 payroll expenses were approximately $33.6M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $67,200 per employee1.
Business Information - Qsac Inc in New York, NY
253 West 35th Street
New York, NY 10001
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-10
Similar Companies near New York
In the New York area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 500) and received an average PPP loan of $2,358,708 (compared to this company's $7M).
Similar Nearby Businesses Who Received PPP Funding:
New York, NY
Institute For Human Identity Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 95% lower than Qsac Inc's reported 500 employees, and received an average PPP loan of $244,297, 97% lower than this company's loan of $7M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!