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PPP Loan Data — RJ Lieb NYC Staffing Inc,
New York, NY
RJ Lieb NYC Staffing Inc
Entity: Corporation
Industry: Employment Placement Agencies
Location: New York, NY
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RJ Lieb NYC Staffing Inc is a corporation located at 109 W 38th St Rm 900 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $412,722.00 in March, 2021.
$
PPP Loan Information
Loan #4192438700
Loan Size:
Jobs Retained:
231Loan Approved:
2021-03-31Loan Status:
Active Un-DisbursedLender:
JPMorgan Chase Bank, National AssociationRJ Lieb NYC Staffing Inc in New York, NY received a Paycheck Protection Loan of $412,722 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $412,722 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 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 MoreUnderstanding 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 MoreBased 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, RJ Lieb NYC Staffing Inc's 2019 payroll expenses are estimated to be at least $1.98M.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $8,576 per employee1
Reported PPP Proceed Usage:
On the PPP application, RJ Lieb NYC Staffing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $412,720
- Utilities: $1
Business Information - RJ Lieb NYC Staffing Inc in New York, NY
109 W 38th St Rm 900
New York, NY 10018
Business Industry:
Employment Placement Agencies
NAICS code 561311
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
Similar Companies near New York
In the New York area, 88 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 231) and received an average PPP loan of $635,162 (compared to this company's $412,722).
Similar Nearby Businesses Who Received PPP Funding:
White Glove Elite Inc
New York, NY
ABS Staffing Solutions LLC
New York, NY
Barrington James USA LLC
New York, NY
Creative Data Resources, Inc
New York, NY
Temporary Staffing By Suzanne LTD
New York, NY
Whitecap Search Holdings LLC
New York, NY
Mitchell/Martin Inc
New York, NY
JBC Holdings NY LLC
New York, NY
America Works Of Maryland Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 11,419 businesses in the "Employment Placement Agencies" industry received a total of $3.37B 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 37 employees, 84% lower than RJ Lieb NYC Staffing Inc's reported 231 employees, and received an average PPP loan of $294,839, 29% lower than this company's loan of $412,722.
RJ Lieb NYC Staffing, Inc
Entity: Corporation
Industry: Employment Placement Agencies
Location: New York, NY
Tweet This
•
Search All PPP Data
RJ Lieb NYC Staffing, Inc is a corporation located at 109 W 38th St Rm 900 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $412,722.00 in April, 2020.
$
PPP Loan Information
Loan #8204807105
Loan Size:
Jobs Retained:
418Loan Approved:
2020-04-15Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationRJ Lieb NYC Staffing, Inc in New York, NY received a Paycheck Protection Loan of $412,722 through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
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 MoreUnderstanding 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 MoreBased 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, RJ Lieb NYC Staffing, Inc's 2019 payroll expenses are estimated to be at least $1.98M.
Based on their reported 418 jobs retained, this equals an estimated average yearly compensation of $4,739 per employee1
Reported PPP Proceed Usage:
On the PPP application, RJ Lieb NYC Staffing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $405,022
- Utilities: $1,500
- Rent: $6,200
Business Information - RJ Lieb NYC Staffing, Inc in New York, NY
109 W 38th St Rm 900
New York, NY 10018
Business Industry:
Employment Placement Agencies
NAICS code 561311
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
Similar Companies near New York
In the New York area, 88 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 418) and received an average PPP loan of $635,162 (compared to this company's $412,722).
Similar Nearby Businesses Who Received PPP Funding:
White Glove Elite Inc
New York, NY
ABS Staffing Solutions LLC
New York, NY
Barrington James USA LLC
New York, NY
Creative Data Resources, Inc
New York, NY
Temporary Staffing By Suzanne LTD
New York, NY
Whitecap Search Holdings LLC
New York, NY
Mitchell/Martin Inc
New York, NY
JBC Holdings NY LLC
New York, NY
America Works Of Maryland Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 11,419 businesses in the "Employment Placement Agencies" industry received a total of $3.37B 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 37 employees, 91% lower than RJ Lieb NYC Staffing, Inc's reported 418 employees, and received an average PPP loan of $294,839, 29% lower than this company's loan of $412,722.
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.
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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