Hilson Management Corp
PPP Loan Data — Hilson Management Corp, New York, NY
ALERT: There are 2 PPP loans for a total of $337,214 in our database for businesses with the name "Hilson Management Corp" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.
$168,607 Loan - Corporation - February, 2021
185 Madison Ave
Lender: Signature Bank
$168,607 Loan - Corporation - April, 2020
Industry: Other Activities Related to Real Estate
Hilson Management Corp is a corporation located at 185 Madison Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $168,607.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least eleven people during the applicable loan loan period.
Hilson Management Corp in New York, NY received a Paycheck Protection Loan of $168,607 through Signature Bank, which was approved in February, 2021.
For Hilson Management Corp, the calculation used to estimate payroll costs is shown below:
($168,607 / 2.5) * 12 = $809,314
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, Hilson Management Corp's 2019 payroll expenses are estimated to be at least $809,314.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $73,574 per employee1
On the PPP application, Hilson Management Corp reported intending to use the proceeds of their PPP loan for the following expenses:
Payroll: $168,603
Business Information - Hilson Management Corp in New York, NY
Other Activities Related to Real Estate
New York County, NY — SBA Office 0202 — Congressional District: NY-12
There is one other business that received a PPP loan registered to the same address as Hilson Management Corp.
James E. Schwalbe PC
Offices of Lawyers
Similar Companies near New York
In the New York area, 146 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 11) and received an average PPP loan of $122,817 (compared to this company's $168,607).
Cooper Horowitz LLC
NB Capital Inc
Cad1 LLC
Slate Property Group LLC
139 East 33Rd Street Corp
Ossa-Otp Owner LLC
KAR Properties LLC
Bell Urban LLC
Old Court Realty Corp
Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 64% lower than Hilson Management Corp's reported 11 employees, and received an average PPP loan of $47,089, 72% lower than this company's loan of $168,607.
Hilson Management Corp is a corporation located at 185 Madison Ave in New York, New York that received a Coronavirus-related PPP loan from the SBA of $168,607.00 in April, 2020.
Hilson Management Corp in New York, NY received a Paycheck Protection Loan of $168,607 through Signature Bank, which was approved in April, 2020.
Source: www.federalpay.org/paycheck-protection-program/hilson-management-corp-new-york-ny