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Saturday, November 23, 2024

PPP loans: 13 loans in 2020 in ZIP Code 10178

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There were 13 PPP loans provided to small businesses in 2020 in ZIP Code 10178, according to the US Small Business Administration.

The Paycheck Protection Program (PPP) provided loans to small businesses affected by the COVID-19 pandemic. Companies with less than 500 employees, sole-proprietorships, independent contractors and self-employed individuals could qualify for these loans, according to Harvard Business School.

A report on the program analyzed by the Peter G. Peterson Foundation found the “distribution of loans across sectors didn’t mirror the distribution of job losses.” It showed restaurants and food service businesses did not receive many loans, despite suffering the highest level of job losses.

A preliminary analysis from the National Bureau of Economic Research suggests the areas most affected by economic disruption did not receive the most loans.

The Paycheck Protection Program ended on May 31, 2021. Existing borrowers may be eligible for loan forgiveness at the discretion of the lender.

PPP loans distributed in 2020 in ZIP Code 10178

Name of BorrowerCurrent Approved Amount
Kelley Drye %26 Warren, LLP$9,970,920
Curtis, Mallet-Prevost, Colt & Mosle, LLP$4,132,577
Park Strategies, LLC$681,655
AKC Companion Animal Recovery Corporation$455,820
Gamma Funding Management LP$255,432
GRE JV SLP, LLC$189,844
50 Hurt, LLC$93,264
The AKC Museum of the Dog$80,038
The Saracheck Law Firm, PLLC$36,165
GRE Midtown, LLC$25,537
Cafe 101 Park, Inc.$24,300
Law Offices of Robert P Oppenheim$20,800
Negotiation.com$9,965

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