PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Resource Room S.i. North Inc, Staten Island, NY

ALERT: There are 2 PPP loans for a total of $47,250 in our database for businesses with the name "Resource Room S.i. North Inc" in Staten Island, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Resource Room S.i. North Inc
NY

Resource Room S.i. North Inc

Entity: Corporation

Industry: Exam Preparation and Tutoring

Location: Staten Island, NY

Search All PPP Data

Resource Room S.i. North Inc is a corporation located at 534 Forest Ave in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #8835898309

Loan Size:

$25,000

Jobs Retained:

13

Loan Approved:

2021-01-30

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Resource Room S.i. North Inc in Staten Island, NY received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Resource Room S.i. North Inc's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,231 per employee1

Reported PPP Proceed Usage:

On the PPP application, Resource Room S.i. North Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,997

Business Information - Resource Room S.i. North Inc in Staten Island, NY

Resource Room S.i. North Inc
534 Forest Ave
Staten Island, NY 10310

Business Industry:
Exam Preparation and Tutoring
NAICS code 611691

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Richmond County, NY — SBA Office 0202 — Congressional District: NY-11

Industry PPP Comparison Statistics

Nationwide, 10,564 businesses in the "Exam Preparation and Tutoring" industry received a total of $359.15M 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 7 employees, 46% lower than Resource Room S.i. North Inc's reported 13 employees, and received an average PPP loan of $33,998, 36% higher than this company's loan of $25,000.

SBA PPP loan data, payroll data, and salaries for Resource Room Si North Inc
NY

Resource Room Si North Inc

Entity: Corporation

Industry: Administrative Management and General Management Consulting Services

Location: Staten Island, NY

Search All PPP Data

Resource Room Si North Inc is a corporation located at 534 Forest Ave in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $22,250.00 in May, 2020.

$ PPP Loan Information
Loan #1596597709

Loan Size:

$22,250

Jobs Retained:

12

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Resource Room Si North Inc in Staten Island, NY received a Paycheck Protection Loan of $22,250 through JPMorgan Chase Bank, National Association, which was approved in May, 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 April, 2021.

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 More
Understanding 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 More

Based 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, Resource Room Si North Inc's 2019 payroll expenses are estimated to be at least $106,800.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $8,900 per employee1

Reported PPP Proceed Usage:

On the PPP application, Resource Room Si North Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,250
  • Utilities: $1,000
  • Rent: $2,000
  • Debt Interest: $1,000

Business Information - Resource Room Si North Inc in Staten Island, NY

Resource Room Si North Inc
534 Forest Ave
Staten Island, NY 10310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Richmond County, NY — SBA Office 0202 — Congressional District: NY-11

Similar Companies near Staten Island

In the Staten Island area, 6 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 12) and received an average PPP loan of $20,385 (compared to this company's $22,250).

Industry PPP Comparison Statistics

Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 58% lower than Resource Room Si North Inc's reported 12 employees, and received an average PPP loan of $58,139, 161% higher than this company's loan of $22,250.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/resource-room-si-north-inc-staten-island-ny