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PPP Loan Data — Ruby Has LLC,
Bay Shore, NY
Ruby Has LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Business Support Services
Location: Bay Shore, NY
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Ruby Has LLC is a limited liability company (LLC) located at 5 Inez Dr in Bay Shore, New York that received a Coronavirus-related PPP loan from the SBA of $2,780,979.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 356 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
356Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONRuby Has LLC received a Paycheck Protection Loan of $2.78M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Ruby Has LLC's total 2019 payroll expenses were approximately $13.35M in order to qualify for the PPP loan amount received.
Based on their reported 356 jobs retained, this equals an estimated average yearly compensation of $37,496 per employee1.
Business Information - Ruby Has LLC in Bay Shore, NY
5 Inez Dr
Bay Shore, NY 11706
Business Industry
All Other Business Support Services (NAICS code 561499)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NY-02Similar Companies near Bay Shore
In the Bay Shore area, 4 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 356) and received an average PPP loan of $711,652 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
J & T Entertainment, LTD
Bay Shore, NY
Cour Systems Inc.
Bay Shore, NY
Denton Place Inc
Bay Shore, NY
Industry PPP Comparison Statistics
Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Ruby Has LLC's reported 356 employees, and received an average PPP loan of $67,939, 98% lower than this company's loan of $2.78M.
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.
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