PPP Loan Data — Yeshiva Of Kings Bay, Brooklyn, NY
Yeshiva Of Kings Bay is a 501(c)3 – non profit located at 2611 Avenue Z in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Yeshiva Of Kings Bay in Brooklyn, NY received a Paycheck Protection Loan of $25,000 through Cross River Bank, 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 May, 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, Yeshiva Of Kings Bay's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yeshiva Of Kings Bay reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Yeshiva Of Kings Bay in Brooklyn, NY
2611 Avenue Z
Brooklyn, NY 11235
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 48 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 5) and received an average PPP loan of $124,681 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Congregation Merkaz Shiurei Torah
Wonder Land P.aLLC
Bright Start PT & Pta PLLC
Little Einsteins Of Canarsie LLC
Kosher Culinary Center Inc
Industry PPP Comparison Statistics
Nationwide, 28,242 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.52B 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 9 employees, 80% higher than Yeshiva Of Kings Bay's reported 5 employees, and received an average PPP loan of $53,678, 115% higher than this company's loan of $25,000.
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Footnotes & Information
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