PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Cakewalk Bakers, LLC, Boston, MA

SBA PPP loan data, payroll data, and salaries for Cakewalk Bakers, LLC
MA

Cakewalk Bakers, LLC

Entity: Limited Liability Company (LLC)

Industry: Retail Bakeries

Location: Boston, MA

Search All PPP Data

Cakewalk Bakers, LLC is a limited liability company (LLC) located at 12 Farnsworth St in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,727,337.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.73M

Jobs Retained:

394

Loan Approved:

2020-04-07

Lender:

BROOKLINE BANK

Cakewalk Bakers, LLC in Boston, MA received a Paycheck Protection Loan of $2.73M through BROOKLINE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cakewalk Bakers, LLC's total 2019 payroll expenses were approximately $13.09M in order to qualify for the PPP loan amount received.

Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $33,226 per employee1.

Because the loan received by Cakewalk Bakers, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Cakewalk Bakers, LLC in Boston, MA

Cakewalk Bakers, LLC
12 Farnsworth St
Boston, MA 02210

Business Industry

Retail Bakeries (NAICS code 311811)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-08

Industry PPP Comparison Statistics

Nationwide, 5,683 businesses in the "Retail Bakeries" industry received a total of $381,847,667.00 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 11 employees, 97% lower than Cakewalk Bakers, LLC's reported 394 employees, and received an average PPP loan of $67,191, 98% lower than this company's loan of $2.73M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cakewalk-bakers-llc-boston-ma