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PPP Loan Data — Waybright Residential LLC, New York, NY

SBA PPP loan data, payroll data, and salaries for Waybright Residential LLC
NY

Waybright Residential LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Institutional Building Construction

Location: New York, NY

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Waybright Residential LLC is a limited liability company (LLC) located at 17 State St Ste 4000 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $32,390.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$32,390

Jobs Retained:

2

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Waybright Residential LLC received a Paycheck Protection Loan of $32,390 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Waybright Residential LLC's total 2019 payroll expenses were approximately $155,472 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 $77,736 per employee1.

Business Information - Waybright Residential LLC in New York, NY

Waybright Residential LLC
17 State St Ste 4000
New York, NY 10004

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

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, 16 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 2) and received an average PPP loan of $412,024 (compared to this company's $32,390).

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 550% higher than Waybright Residential LLC's reported 2 employees, and received an average PPP loan of $203,235, 527% higher than this company's loan of $32,390.

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/waybright-residential-llc-new-york-ny