PPP Loan Data — The Solomon R. Guggenheim Foundation, New York, NY
The Solomon R. Guggenheim Foundation is a non-profit organization located at 1071 Fifth Avenue in New York, New York that received a Coronavirus-related PPP loan from the SBA of $5,938,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:CITIZENS BANK, NATIONAL ASSOCIATION
The Solomon R. Guggenheim Foundation in New York, NY received a Paycheck Protection Loan of $5.94M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Solomon R. Guggenheim Foundation's total 2019 payroll expenses were approximately $28.5M in order to qualify for the PPP loan amount received.
Unlike most businesses, The Solomon R. Guggenheim Foundation's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - The Solomon R. Guggenheim Foundation in New York, NY
1071 Fifth Avenue
New York, NY 10128
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-12
Similar Companies near New York
In the New York area, 3 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 0) and received an average PPP loan of $2,683,814 (compared to this company's $5.94M).
Similar Nearby Businesses Who Received PPP Funding:
Meredith Palmer Gallery, LTD
The Jewish Museum
New York, NY
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, and received an average PPP loan of $162,172, 97% lower than this company's loan of $5.94M.
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Footnotes & Information
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