PPP Loan Data — Apple Food Service Of New York, LLC, Allendale, NJ
Apple Food Service Of New York, LLC is a limited liability company (LLC) located at 7 Pearl Ct in Allendale, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,772,012.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Apple Food Service Of New York, LLC received a Paycheck Protection Loan of $2.77M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Apple Food Service Of New York, LLC's total 2019 payroll expenses were approximately $13.31M in order to qualify for the PPP loan amount received.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $37,271 per employee1.
Business Information - Apple Food Service Of New York, LLC in Allendale, NJ
7 Pearl Ct
Allendale, NJ 7401
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-05
Similar Companies near Allendale
In the Allendale area, 27 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 357) and received an average PPP loan of $1,338,538 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
Bravo Hospitality, LLC
Apple Food Service Of Brick Inc
Apple Food Service Of Long Island, LLC
Doherty Breads, LLC
Allendale Village Pizza Inc
Apple Food Service Of Tinton Falls Inc
Doherty Food Service Of Clifton, LLC
Apple Food Service Of Piscataway Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 94% lower than Apple Food Service Of New York, LLC's reported 357 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $2.77M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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