PPP Loan Data — Aberdeen Coffee And Donuts, Matawan, NJ
Aberdeen Coffee And Donuts is a corporation located at 318 Lloyd Rd in Matawan, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Aberdeen Coffee And Donuts in Matawan, NJ received a Paycheck Protection Loan of $25,500 through Amboy Bank, which was approved in April, 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, Aberdeen Coffee And Donuts' 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Aberdeen Coffee And Donuts reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Aberdeen Coffee And Donuts in Matawan, NJ
318 Lloyd Rd
Matawan, NJ 7747
Baked Goods Stores
NAICS code 445291
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Matawan
In the Matawan area, 9 businesses in the "Baked Goods Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $39,720 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Old Bridge Coffee & Donuts Inc
Middle Donuts Inc
Aberdeen Coffee & Donut Inc
A-1 Coffee And Donut Inc
Home Town Bagels, Inc
Industry PPP Comparison Statistics
Nationwide, 9,213 businesses in the "Baked Goods Stores" industry received a total of $417.18M 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 10 employees, 150% higher than Aberdeen Coffee And Donuts' reported 4 employees, and received an average PPP loan of $45,282, 78% higher than this company's loan of $25,500.
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Footnotes & Information
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