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PPP Loan Data — The Shield Of David, Inc.-Sba Small 7A Term, Flushing, NY

SBA PPP loan data, payroll data, and salaries for The Shield Of David, Inc.-Sba Small 7A Term
NY

The Shield Of David, Inc.-Sba Small 7A Term

Entity: Corporation

Industry: Unknown

Location: Flushing, NY

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The Shield Of David, Inc.-Sba Small 7A Term is a corporation located at 144-61 Roosevelt Ave in Flushing, New York that received a Coronavirus-related PPP loan from the SBA of $4,721,450.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.72M

Jobs Retained:

441

Loan Approved:

2020-05-01

Lender:

TD BANK, NATIONAL ASSOCIATION

The Shield Of David, Inc.-Sba Small 7A Term received a Paycheck Protection Loan of $4.72M through TD BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, The Shield Of David, Inc.-Sba Small 7A Term's total 2019 payroll expenses were approximately $22.66M in order to qualify for the PPP loan amount received.

Based on their reported 441 jobs retained, this equals an estimated average yearly compensation of $51,390 per employee1.

Because the loan received by The Shield Of David, Inc.-Sba Small 7A Term is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Shield Of David, Inc.-Sba Small 7A Term in Flushing, NY

The Shield Of David, Inc.-Sba Small 7A Term
144-61 Roosevelt Ave
Flushing, NY 11354

Business Industry

Unknown (NAICS code 0)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-06

Similar Companies near Flushing

In the Flushing area, 3,050 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 441) and received an average PPP loan of $66,500 (compared to this company's $4.72M).

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 98% lower than The Shield Of David, Inc.-Sba Small 7A Term's reported 441 employees, and received an average PPP loan of $101,409, 98% lower than this company's loan of $4.72M.

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.

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Footnotes & Information

1. 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/the-shield-of-david-inc-sba-small-7a-term-flushing-ny