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PPP Loan Data — Sincerely Cosmetics,
New York, NY
Sincerely Cosmetics
Entity: Limited Liability Company (LLC)
Industry: Other Grantmaking and Giving Services
Location: New York, NY
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Sincerely Cosmetics is a limited liability company (LLC) located at 265 Henry Street in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,200,300.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-05-06Lender:
NEW YORK BUSINESS DEVELOPMENT CORPORATIONSincerely Cosmetics received a Paycheck Protection Loan of $5.2M through NEW YORK BUSINESS DEVELOPMENT CORPORATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Sincerely Cosmetics' total 2019 payroll expenses were approximately $24.96M in order to qualify for the PPP loan amount received.
Unlike most businesses, Sincerely Cosmetics' PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Sincerely Cosmetics in New York, NY
265 Henry Street
New York, NY 10002
Business Industry
Other Grantmaking and Giving Services (NAICS code 813219)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-07Similar Companies near New York
In the New York area, 21 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 0) and received an average PPP loan of $823,964 (compared to this company's $5.2M).
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Industry PPP Comparison Statistics
Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 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 16 employees, and received an average PPP loan of $159,299, 97% lower than this company's loan of $5.2M.
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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