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PPP Loan Data — Translatina Network Inc,
New York, NY
Translatina Network Inc
Entity: Non-profit Organization
Industry: Other Individual and Family Services
Location: New York, NY
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Translatina Network Inc is a non-profit organization located at 137 W 19th St Ste 2 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $111,300.00 in February, 2021.
The company has reported itself as a White female owned non-profit, and employed at least sixteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #9628378406
Loan Size:
Jobs Retained:
16Loan Approved:
2021-02-17Loan Status:
Ongoing LoanLender:
TD Bank, National AssociationTranslatina Network Inc in New York, NY received a Paycheck Protection Loan of $111,300 through TD Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Translatina Network Inc's 2019 payroll expenses are estimated to be at least $534,240.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $33,390 per employee1
Reported PPP Proceed Usage:
On the PPP application, Translatina Network Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $111,298
Business Information - Translatina Network Inc in New York, NY
137 W 19th St Ste 2
New York, NY 10011
Business Industry:
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
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, 26 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 16) and received an average PPP loan of $142,794 (compared to this company's $111,300).
Similar Nearby Businesses Who Received PPP Funding:
Mary-Jo Vercillo
New York, NY
Gennex Management LLC
New York, NY
Xavier Mission Inc
New York, NY
Christina Raccuia
New York, NY
Jeffrey Vandyke
New York, NY
Jeffrey R Vandyke
New York, NY
The Samaritans Of New York Inc
New York, NY
Alexander Brousset, Lmft
New York, NY
Industry PPP Comparison Statistics
Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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, the same amount reported by Translatina Network Inc and received an average PPP loan of $118,797, 7% higher than this company's loan of $111,300.
Translatina Network Inc
Entity: Non-profit Organization
Industry: Other Individual and Family Services
Location: New York, NY
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Translatina Network Inc is a non-profit organization located at 137 W. 19th St 2nd Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $28,007.00 in April, 2020.
The company has reported itself as a White female owned non-profit, and employed at least thirteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #7720017106
Loan Size:
Jobs Retained:
13Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationTranslatina Network Inc in New York, NY received a Paycheck Protection Loan of $28,007 through TD Bank, National Association, 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 September, 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 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, Translatina Network Inc's 2019 payroll expenses are estimated to be at least $134,434.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $10,341 per employee1
Reported PPP Proceed Usage:
On the PPP application, Translatina Network Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $28,007
Business Information - Translatina Network Inc in New York, NY
137 W. 19th St 2nd Floor
New York, NY 10011
Business Industry:
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near New York
In the New York area, 26 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 13) and received an average PPP loan of $142,794 (compared to this company's $28,007).
Similar Nearby Businesses Who Received PPP Funding:
Mary-Jo Vercillo
New York, NY
Gennex Management LLC
New York, NY
Xavier Mission Inc
New York, NY
Christina Raccuia
New York, NY
Jeffrey Vandyke
New York, NY
Jeffrey R Vandyke
New York, NY
The Samaritans Of New York Inc
New York, NY
Alexander Brousset, Lmft
New York, NY
Industry PPP Comparison Statistics
Nationwide, 24,879 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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, 23% higher than Translatina Network Inc's reported 13 employees, and received an average PPP loan of $118,797, 324% higher than this company's loan of $28,007.
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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