PPP Loan Data — Special Citizens Futures Unlimited, Bronx, NY
Special Citizens Futures Unlimited is a non-profit organization located at 1775 Grand Concourse 8th Floor in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,900,852.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Special Citizens Futures Unlimited in Bronx, NY received a Paycheck Protection Loan of $1.9M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Special Citizens Futures Unlimited's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $44,726 per employee1
Reported PPP Proceed Usage:
On the PPP application, Special Citizens Futures Unlimited reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,741,785
- Rent: $159,067
Business Information - Special Citizens Futures Unlimited in Bronx, NY
1775 Grand Concourse 8th Floor
Bronx, NY 10453
Voluntary Health Organizations
NAICS code 813212
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,086 businesses in the "Voluntary Health Organizations" industry received a total of $424.58M 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 19 employees, 91% lower than Special Citizens Futures Unlimited's reported 204 employees, and received an average PPP loan of $203,539, 89% lower than this company's loan of $1.9M.
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Footnotes & Information
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