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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

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:


Jobs Retained:


Loan Approved:




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.

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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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