PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Spina De Fiori Inc, New York, NY

ALERT: There are 2 PPP loans for a total of $48,164 in our database for businesses with the name "Spina De Fiori Inc" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Spina De Fiori Inc
NY

Spina De Fiori Inc

Entity: Corporation

Industry: Florists

Location: New York, NY

Search All PPP Data

Spina De Fiori Inc is a corporation located at 176 Macdougal St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $24,082.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8746398310

Loan Size:

$24,082

Jobs Retained:

2

Loan Approved:

2021-01-30

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Spina De Fiori Inc in New York, NY received a Paycheck Protection Loan of $24,082 through JPMorgan Chase Bank, National Association, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 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 More
Understanding 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 More

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, Spina De Fiori Inc's 2019 payroll expenses are estimated to be at least $115,594.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $57,797 per employee1

Reported PPP Proceed Usage:

On the PPP application, Spina De Fiori Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,079
  • Utilities: $1

Business Information - Spina De Fiori Inc in New York, NY

Spina De Fiori Inc
176 Macdougal St
New York, NY 10011

Business Industry:
Florists
NAICS code 453110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Spina De Fiori Inc.

Dubois Brides LLC
Other Clothing Stores

$46,037 PPP Loan

Similar Companies near New York

In the New York area, 18 businesses in the "Florists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $50,941 (compared to this company's $24,082).

Industry PPP Comparison Statistics

Nationwide, 13,833 businesses in the "Florists" industry received a total of $368.02M 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 5 employees, 150% higher than Spina De Fiori Inc's reported 2 employees, and received an average PPP loan of $26,604, 10% higher than this company's loan of $24,082.

SBA PPP loan data, payroll data, and salaries for Spina De Fiori Inc
NY

Spina De Fiori Inc

Entity: Corporation

Industry: Unknown

Location: New York, NY

Search All PPP Data

Spina De Fiori Inc is a corporation located at 176 Macdougal St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $24,082.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #2298357703

Loan Size:

$24,082

Jobs Retained:

2

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Spina De Fiori Inc in New York, NY received a Paycheck Protection Loan of $24,082 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 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 More
Understanding 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 More

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, Spina De Fiori Inc's 2019 payroll expenses are estimated to be at least $115,594.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $57,797 per employee1

Reported PPP Proceed Usage:

On the PPP application, Spina De Fiori Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Debt Interest: $24,082

Business Information - Spina De Fiori Inc in New York, NY

Spina De Fiori Inc
176 Macdougal St
New York, NY 10011

Business Industry:
Unknown
NAICS code 0

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-10

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Spina De Fiori Inc.

Dubois Brides LLC
Other Clothing Stores

$46,037 PPP Loan

Similar Companies near New York

In the New York area, 10,840 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 2) and received an average PPP loan of $154,958 (compared to this company's $24,082).

Industry PPP Comparison Statistics

Nationwide, 132,326 businesses in the "Unknown" industry received a total of $5.85B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 550% higher than Spina De Fiori Inc's reported 2 employees, and received an average PPP loan of $44,230, 84% higher than this company's loan of $24,082.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/spina-de-fiori-inc-new-york-ny