PPP Loan Data — A & J Produce Corp, Bronx, NY
A & J Produce Corp is a subchapter s corporation located at 138-144 Row A Nyc Terminal Market in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $3,235,675.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
A & J Produce Corp in Bronx, NY received a Paycheck Protection Loan of $3.24M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, A & J Produce Corp's total 2019 payroll expenses were approximately $15.53M in order to qualify for the PPP loan amount received.
Unlike most businesses, A & J Produce Corp's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - A & J Produce Corp in Bronx, NY
138-144 Row A Nyc Terminal Market
Bronx, NY 10474
Fresh Fruit and Vegetable Merchant Wholesalers (NAICS code 424480)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-15
Similar Companies near Bronx
In the Bronx area, 34 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 0) and received an average PPP loan of $734,298 (compared to this company's $3.24M).
Similar Nearby Businesses Who Received PPP Funding:
Associated Produce Inc
JUN & Jay Corp.
Green Field Produce LLC
Pronto Produce, Inc.
Lucero Produce II Corp
Paul Steinberg Associates Inc
Industry PPP Comparison Statistics
Nationwide, 2,174 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $605,605,165.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 24 employees, and received an average PPP loan of $278,567, 91% lower than this company's loan of $3.24M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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