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PPP Loan Data — VE Capital Managment LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for VE Capital Managment LLC
NY

VE Capital Managment LLC

Entity: Limited Liability Company (LLC)

Industry: Securities Brokerage

Location: New York, NY

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VE Capital Managment LLC is a limited liability company (LLC) located at 15 Broad St Apt 1110 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $41,665.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$41,665

Jobs Retained:

2

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

VE Capital Managment LLC received a Paycheck Protection Loan of $41,665 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, VE Capital Managment LLC's total 2019 payroll expenses were approximately $199,992 (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $99,996 (not accounting for salary amounts > $100k) per employee1.

Business Information - VE Capital Managment LLC in New York, NY

VE Capital Managment LLC
15 Broad St Apt 1110
New York, NY 10005

Business Industry

Securities Brokerage (NAICS code 523120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 32 businesses in the "Securities Brokerage" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 2) and received an average PPP loan of $435,876 (compared to this company's $41,665).

Industry PPP Comparison Statistics

Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 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 5 employees, 150% higher than VE Capital Managment LLC's reported 2 employees, and received an average PPP loan of $84,964, 104% higher than this company's loan of $41,665.

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.

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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/ve-capital-managment-llc-new-york-ny