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PPP Loan Data — White Star NYC Inc,
Bronx, NY
White Star NYC Inc
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Bronx, NY
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White Star NYC Inc is a subchapter s corporation located at 823 E 147th St in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,407,427.00 in April, 2021.
$
PPP Loan Information
Loan #8991878708
Loan Size:
Jobs Retained:
207Loan Approved:
2021-04-08Loan Status:
Ongoing LoanLender:
Webster Bank, National AssociationWhite Star NYC Inc in Bronx, NY received a Paycheck Protection Loan of $1.41M through Webster Bank, National Association, which was approved in April, 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, White Star NYC Inc's 2019 payroll expenses are estimated to be at least $6.76M.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $32,636 per employee1
Reported PPP Proceed Usage:
On the PPP application, White Star NYC Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,407,424
- Utilities: $1
Business Information - White Star NYC Inc in Bronx, NY
823 E 147th St
Bronx, NY 10455
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Bronx
In the Bronx area, 39 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 207) and received an average PPP loan of $133,555 (compared to this company's $1.41M).
Similar Nearby Businesses Who Received PPP Funding:
DHC Services
Bronx, NY
Anyelo Pena
Bronx, NY
Block Studio Inc
Bronx, NY
F&M Construction And Development
Bronx, NY
Luis E Roldan
Bronx, NY
BO Gaurds Mechanicals LLC
Bronx, NY
Energy Consulting Services Inc
Bronx, NY
Glenn Castillo
Bronx, NY
Standard Waterproofing Corp
Bronx, NY
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 94% lower than White Star NYC Inc's reported 207 employees, and received an average PPP loan of $157,325, 89% lower than this company's loan of $1.41M.
White Star NYC Inc
Entity: Subchapter S Corporation
Industry: Unclassified Establishments
Location: Bronx, NY
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White Star NYC Inc is a subchapter s corporation located at 823 E 147th St Apt 4 in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $1,876,570.00 in May, 2020.
$
PPP Loan Information
Loan #3130547702
Loan Size:
Jobs Retained:
276Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationWhite Star NYC Inc in Bronx, NY received a Paycheck Protection Loan of $1.88M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
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, White Star NYC Inc's 2019 payroll expenses are estimated to be at least $9.01M.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $32,636 per employee1
Reported PPP Proceed Usage:
On the PPP application, White Star NYC Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,781,970
- Utilities: $1,600
- Rent: $5,000
- Health Care: $88,000
Business Information - White Star NYC Inc in Bronx, NY
823 E 147th St Apt 4
Bronx, NY 10455
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Bronx
In the Bronx area, 22 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 276) and received an average PPP loan of $152,610 (compared to this company's $1.88M).
Similar Nearby Businesses Who Received PPP Funding:
Brook Parking Garage Inc
Bronx, NY
TLC Specialist Brokerage Inc
Bronx, NY
TAL Wireless, LLC
Bronx, NY
Zeta Charter Schools - New York City
Bronx, NY
Advance Care Physical Therapy, PC
Bronx, NY
2855 3Rd Ave Inc
Bronx, NY
Remove It Now LLC
Bronx, NY
Rosemary Cleaners LLC
Bronx, NY
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 96% lower than White Star NYC Inc's reported 276 employees, and received an average PPP loan of $42,878, 98% lower than this company's loan of $1.88M.
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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