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

PPP Loan Data — The Debate Society LTD, Long Island City, NY

ALERT: There are 2 PPP loans for a total of $31,167 in our database for businesses with the name "The Debate Society LTD" in Long Island City, 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 The Debate Society LTD
NY

The Debate Society LTD

Entity: Professional Association

Industry: Other Social Advocacy Organizations

Location: Long Island City, NY

Search All PPP Data

The Debate Society LTD is a professional association located at 150 50th Ave Apt 321 Oliver Butler in Long Island City, New York that received a Coronavirus-related PPP loan from the SBA of $16,220.00 in February, 2021.

$ PPP Loan Information
Loan #9889658405

Loan Size:

$16,220

Jobs Retained:

4

Loan Approved:

2021-02-18

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

The Debate Society LTD in Long Island City, NY received a Paycheck Protection Loan of $16,220 through JPMorgan Chase Bank, National Association, 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 December, 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, The Debate Society LTD's 2019 payroll expenses are estimated to be at least $77,856.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $19,464 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Debate Society LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $16,220

Business Information - The Debate Society LTD in Long Island City, NY

The Debate Society LTD
150 50th Ave Apt 321 Oliver Butler
Long Island City, NY 11101

Business Industry:
Other Social Advocacy Organizations
NAICS code 813319

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Queens County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near Long Island City

In the Long Island City area, 11 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 4) and received an average PPP loan of $555,204 (compared to this company's $16,220).

Industry PPP Comparison Statistics

Nationwide, 9,844 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 300% higher than The Debate Society LTD's reported 4 employees, and received an average PPP loan of $145,144, 795% higher than this company's loan of $16,220.

SBA PPP loan data, payroll data, and salaries for The Debate Society, LTD
NY

The Debate Society, LTD

Entity: Professional Association

Industry: Unknown

Location: Long Island City, NY

Search All PPP Data

The Debate Society, LTD is a professional association located at Oliver Butler 1-50 50th Ave Apt 321 in Long Island City, New York that received a Coronavirus-related PPP loan from the SBA of $14,947.00 in May, 2020.

$ PPP Loan Information
Loan #1840087701

Loan Size:

$14,947

Jobs Retained:

4

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

The Debate Society, LTD in Long Island City, NY received a Paycheck Protection Loan of $14,947 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 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, The Debate Society, LTD's 2019 payroll expenses are estimated to be at least $71,746.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $17,937 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Debate Society, LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,947

Business Information - The Debate Society, LTD in Long Island City, NY

The Debate Society, LTD
Oliver Butler 1-50 50th Ave Apt 321
Long Island City, NY 11101

Business Industry:
Unknown
NAICS code 0

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Queens County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near Long Island City

In the Long Island City area, 5,930 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 4) and received an average PPP loan of $138,472 (compared to this company's $14,947).

Industry PPP Comparison Statistics

Nationwide, 132,323 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, 225% higher than The Debate Society, LTD's reported 4 employees, and received an average PPP loan of $44,229, 196% higher than this company's loan of $14,947.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-debate-society-ltd-long-island-city-ny