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PPP Loan Data — The Population Council Inc,
New York, NY
The Population Council Inc
Entity: Corporation
Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Location: New York, NY
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The Population Council Inc is a corporation located at 1 Dag Hammaskjold Plaza in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.
$
PPP Loan Information
Loan #3580199007
Loan Size:
Jobs Retained:
180Loan Approved:
2021-05-18Loan Status:
Paid in Full or ForgivenLender:
Truist BankThe Population Council Inc in New York, NY received a Paycheck Protection Loan of $2M through Truist Bank, which was approved in May, 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, 2023.
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 MoreUnderstanding 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 MoreBased 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 Population Council Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $53,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Population Council Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,999
Business Information - The Population Council Inc in New York, NY
1 Dag Hammaskjold Plaza
New York, NY 10017
Business Industry:
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
NAICS code 541715
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: Y
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 17 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 180) and received an average PPP loan of $561,079 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Gencove Inc
New York, NY
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Tactual Labs Co
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Industry PPP Comparison Statistics
Nationwide, 4,908 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $827.85M 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 12 employees, 93% lower than The Population Council Inc's reported 180 employees, and received an average PPP loan of $168,673, 92% lower than this company's loan of $2M.
The Population Council Inc
Entity: Corporation
Industry:
Location: New York, NY
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The Population Council Inc is a corporation located at 1 Dag Hammarskjold Plz Fl 3 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $4,181,900.00 in April, 2020.
$
PPP Loan Information
Loan #1830307103
Loan Size:
Jobs Retained:
470Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Truist BankThe Population Council Inc in New York, NY received a Paycheck Protection Loan of $4.18M through Truist 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 January, 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 MoreUnderstanding 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 MoreBased 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 Population Council Inc's 2019 payroll expenses are estimated to be at least $20.07M.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $42,709 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Population Council Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,181,900
Business Information - The Population Council Inc in New York, NY
1 Dag Hammarskjold Plz Fl 3
New York, NY 10017
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
Similar Companies near New York
In the New York area, 18,382 businesses in the "" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 470) and received an average PPP loan of $200,871 (compared to this company's $4.18M).
Similar Nearby Businesses Who Received PPP Funding:
A-1 Technology Inc-Sba Small 7A Term
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Industry PPP Comparison Statistics
Nationwide, 132,325 businesses in the "" 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, 97% lower than The Population Council Inc's reported 470 employees, and received an average PPP loan of $44,230, 99% lower than this company's loan of $4.18M.
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.
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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