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

PPP Loan Data — TFR Management LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $88,300 in our database for businesses with the name "TFR Management LLC" 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 TFR Management LLC
NY

TFR Management LLC

Entity: Corporation

Industry: Full-Service Restaurants

Location: New York, NY

Search All PPP Data

TFR Management LLC is a corporation located at 17 Orchard St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $51,500.00 in February, 2021.

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

$ PPP Loan Information
Loan #5225378403

Loan Size:

$51,500

Jobs Retained:

3

Loan Approved:

2021-02-08

Loan Status:

Paid in Full or Forgiven

Lender:

Coastal States Bank

TFR Management LLC in New York, NY received a Paycheck Protection Loan of $51,500 through Coastal States Bank, which was approved in February, 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 April, 2022.

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, TFR Management LLC's 2019 payroll expenses are estimated to be at least $247,200.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $82,400 per employee1

Reported PPP Proceed Usage:

On the PPP application, TFR Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $51,499

Business Information - TFR Management LLC in New York, NY

TFR Management LLC
17 Orchard St
New York, NY 10002

Business Industry:
Full-Service Restaurants
NAICS code 722511

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-07

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as TFR Management LLC.

Silkstoneone LLC
Full-Service Restaurants

$237,000 PPP Loan

Similar Companies near New York

In the New York area, 965 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 3) and received an average PPP loan of $261,505 (compared to this company's $51,500).

Industry PPP Comparison Statistics

Nationwide, 326,447 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 633% higher than TFR Management LLC's reported 3 employees, and received an average PPP loan of $130,221, 153% higher than this company's loan of $51,500.

SBA PPP loan data, payroll data, and salaries for TFR Management LLC
NY

TFR Management LLC

Entity: Corporation

Industry: Food Service Contractors

Location: New York, NY

Search All PPP Data

TFR Management LLC is a corporation located at 17 Orchard St in New York, New York that received a Coronavirus-related PPP loan from the SBA of $36,800.00 in April, 2020.

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

$ PPP Loan Information
Loan #7584147104

Loan Size:

$36,800

Jobs Retained:

3

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Coastal States Bank

TFR Management LLC in New York, NY received a Paycheck Protection Loan of $36,800 through Coastal States Bank, which was approved in April, 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 May, 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, TFR Management LLC's 2019 payroll expenses are estimated to be at least $176,640.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $58,880 per employee1

Reported PPP Proceed Usage:

On the PPP application, TFR Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $33,120
  • Utilities: $1,840
  • Rent: $1,840

Business Information - TFR Management LLC in New York, NY

TFR Management LLC
17 Orchard St
New York, NY 10002

Business Industry:
Food Service Contractors
NAICS code 722310

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-07

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as TFR Management LLC.

Silkstoneone LLC
Full-Service Restaurants

$237,000 PPP Loan

Similar Companies near New York

In the New York area, 52 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 3) and received an average PPP loan of $142,560 (compared to this company's $36,800).

Industry PPP Comparison Statistics

Nationwide, 35,806 businesses in the "Food Service Contractors" industry received a total of $1.95B 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 7 employees, 133% higher than TFR Management LLC's reported 3 employees, and received an average PPP loan of $54,505, 48% higher than this company's loan of $36,800.

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/tfr-management-llc-new-york-ny