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PPP Loan Data — BNB Management, LLC, Boonton, NJ

SBA PPP loan data, payroll data, and salaries for BNB Management, LLC
NJ

BNB Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Administrative Management and General Management Consulting Services

Location: Boonton, NJ

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BNB Management, LLC is a limited liability company (LLC) located in Boonton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $12,247.00 in April, 2020.

$ PPP Loan Information
Loan #1851917206

Loan Size:

$12,247

Jobs Retained:

1

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Lakeland Bank

BNB Management, LLC in Boonton, NJ received a Paycheck Protection Loan of $12,247 through Lakeland Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, BNB Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,247

Business Information - BNB Management, LLC in Boonton, NJ

BNB Management, LLC
Boonton, NJ
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Morris County, NJ — SBA Office 0299 — Congressional District: NJ-11

Similar Companies near Boonton

In the Boonton area, 46 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $56,075 (compared to this company's $12,247).

Industry PPP Comparison Statistics

Nationwide, 95,340 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.53B 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 5 employees, 400% higher than BNB Management, LLC's reported 1 employees, and received an average PPP loan of $57,963, 373% higher than this company's loan of $12,247.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/bnb-management-llc-boonton-nj