Business & Tech

These Manhattan Businesses Scored Coronavirus PPP Loans: MAP

Thousands of Manhattan businesses received more than $150k from the federal government to keep workers on payroll during the pandemic.

MANHATTAN, NY — More than 13,000 Manhattan-based businesses secured loans of more than $150,000 from the federal government through the Paycheck Protection Program, created to help companies continue paying workers amid the pandemic, data released this week showed.

The U.S. Small Business Administration released details on individual loans doled out under the program, commonly known as PPP. The data looked at loans taken out that amounted to more than $150,000, as well as those that took out loans of less than $150,000.

Overall, loans of over $150,000 accounted for nearly 75 percent of the money approved, officials said. That data includes business names, addresses, industry and ZIP codes, business type, demographic data, nonprofit information, lender name, jobs supported and loan amount ranges. For all loans below $150,000, the federal government did not disclose individual business names or addresses.

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Despite the thousands of businesses that were helped by the program, the coronavirus pandemic threatened to put one out of every five New Yorkers out of a job at its height.

More than 150 Manhattan corporations, non profits, LLCs and other corporate entities took out PPP loans worth between $5 million and $10 million — the most allowable — according to SBA data released this week. Many of these recipients are national and international corporations headquartered in New York City.

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Recipients in this largest category of loans includes: The New York Archdiocese, BarkBox, the Central Park Conservancy, the Columbia Grammar & Preparatory School, the Dig Inn restaurant chain, the law firm Kasowitz Benson Torres, Linblad Expeditions, Meridian Capital Group, New York Public Radio, The Solomon R. Guggeneheim Foundation and the Whitney Museum of American Art.

Additionally, 643 businesses in Manhattan took out loans between $2 million and $5 million and 1,270 took out loans of between $1 million and $2 million.

Curious about businesses in your neighborhood? Patch created an interactive map that plots each business that received more than $150,000 in PPP funds from the federal government. Information about the size of a business' loan, the number of jobs retained by the business during the pandemic and the loan lender are listed for each organization plotted on the map.

Check out the map out below:

Below is a data visualization and searchable database of the PPP loans in New York for amounts of at least $150,000. You must log in to your Patch account for it to be viewable. You can also see the visualization and searchable database here.

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