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PPP Loan Data — RAG & Bone Holdings, LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for RAG & Bone Holdings, LLC
NY

RAG & Bone Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing

Location: New York, NY

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RAG & Bone Holdings, LLC is a limited liability company (LLC) located at 425 West 13th Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $7,924,930.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.92M

Jobs Retained:

500

Loan Approved:

2020-04-28

Lender:

MODERN BANK, NATIONAL ASSOCIATION

RAG & Bone Holdings, LLC in New York, NY received a Paycheck Protection Loan of $7.92M through MODERN BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, RAG & Bone Holdings, LLC's total 2019 payroll expenses were approximately $38.04M 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 $76,079 per employee1.

Because the loan received by RAG & Bone Holdings, 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 - RAG & Bone Holdings, LLC in New York, NY

RAG & Bone Holdings, LLC
425 West 13th Street
New York, NY 10014

Business Industry

Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing (NAICS code 315240)

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, 7 businesses in the "Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 500) and received an average PPP loan of $1,328,251 (compared to this company's $7.92M).

Industry PPP Comparison Statistics

Nationwide, 1,051 businesses in the "Women’s, Girls’, and Infants’ Cut and Sew Apparel Manufacturing" industry received a total of $190,040,497.00 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 13 employees, 97% lower than RAG & Bone Holdings, LLC's reported 500 employees, and received an average PPP loan of $180,819, 98% lower than this company's loan of $7.92M.

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/rag-and-bone-holdings-llc-new-york-ny