PPP Loan Data — Voice Charter School Of New York, Long Island City, NY
Voice Charter School Of New York is a non-profit organization located at 36-24 12th St in Long Island City, New York that received a Coronavirus-related PPP loan from the SBA of $1,883,624.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Voice Charter School Of New York in Long Island City, NY received a Paycheck Protection Loan of $1.88M through Citibank, N.A., 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, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Voice Charter School Of New York's 2019 payroll expenses are estimated to be at least $9.04M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $78,621 per employee1
Reported PPP Proceed Usage:
On the PPP application, Voice Charter School Of New York reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,883,624
Business Information - Voice Charter School Of New York in Long Island City, NY
36-24 12th St
Long Island City, NY 11106
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Voice Charter School Of New York's reported 115 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $1.88M.
FederalPay's PPP Information Policy
Footnotes & Information
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