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PPP Loan Data — Shen Milsom & Wilke LLC,
New York, NY
Shen Milsom & Wilke LLC
Entity: Limited Liability Company (LLC)
Industry: Educational Support Services
Location: New York, NY
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Shen Milsom & Wilke LLC is a limited liability company (LLC) located at 417 5th Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,634,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
134Loan Approved:
2020-04-14Lender:
CITIBANK, N.A.Shen Milsom & Wilke LLC in New York, NY received a Paycheck Protection Loan of $2.63M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Shen Milsom & Wilke LLC's total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $94,363 per employee1.
Business Information - Shen Milsom & Wilke LLC in New York, NY
417 5th Ave
New York, NY 10016
Business Industry
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-12Similar Companies near New York
In the New York area, 22 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 134) and received an average PPP loan of $640,088 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
H%26H Education, LLC
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Murray Hill Place Inc.
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Council For Aid To Education Inc.
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Global Maximum Educational Opportunities Inc
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Byte Consulting Inc
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Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 93% lower than Shen Milsom & Wilke LLC's reported 134 employees, and received an average PPP loan of $95,025, 96% lower than this company's loan of $2.63M.
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.
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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