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PPP Loan Data — Tntp Inc,
New York, NY
Tntp Inc
Entity: Non-profit Organization
Industry: Educational Support Services
Location: New York, NY
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Tntp Inc is a non-profit organization located at 500 7th Ave Fl 8 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $7,489,507.00 in May, 2020.
$
PPP Loan Information
Loan #5307647703
Loan Size:
Jobs Retained:
470Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationTntp Inc in New York, NY received a Paycheck Protection Loan of $7.49M through Bank of America, 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 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, Tntp Inc's 2019 payroll expenses are estimated to be at least $35.95M.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $76,489 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tntp Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,489,507
Business Information - Tntp Inc in New York, NY
500 7th Ave Fl 8
New York, NY 10018
Business Industry:
Educational Support Services
NAICS code 611710
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Tntp Inc.
I3D, Inc
Architectural Services
Jmwilliams CPA, LLP
Other Accounting Services
Shalom Task Force Inc
Other Social Advocacy Organizations
POP Chart Lab, Inc
Other Direct Selling Establishments
Waitron Inc. DBA Meridio
Insurance Agencies and Brokerages
Similar Companies near New York
In the New York area, 102 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 470) and received an average PPP loan of $367,662 (compared to this company's $7.49M).
Similar Nearby Businesses Who Received PPP Funding:
ACE Mentor Program Of Greater New York, Inc
New York, NY
International Union, Uaw Local 7902
New York, NY
Professional Testing Corporation
New York, NY
Michael Miller
New York, NY
Triple Alpha, Inc
New York, NY
Science And Arts Engagement New York, Inc
New York, NY
Young Judaea Global Inc
New York, NY
New York Youth Symphony Inc
New York, NY
Weeducation Group Inc
New York, NY
Industry PPP Comparison Statistics
Nationwide, 38,176 businesses in the "Educational Support Services" industry received a total of $2.3B 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, 99% lower than Tntp Inc's reported 470 employees, and received an average PPP loan of $60,282, 99% lower than this company's loan of $7.49M.
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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