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PPP Loan Data — Creative Foods Corp,
Garden City, NY
Creative Foods Corp
Entity: Corporation
Industry: Limited-Service Restaurants
Location: Garden City, NY
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Creative Foods Corp is a corporation located at 200 Garden City Plz Ste 105 in Garden City, New York that received a Coronavirus-related PPP loan from the SBA of $3,745,380.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONCreative Foods Corp in Garden City, NY received a Paycheck Protection Loan of $3.75M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Creative Foods Corp's total 2019 payroll expenses were approximately $17.98M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $35,956 per employee1.
Business Information - Creative Foods Corp in Garden City, NY
200 Garden City Plz Ste 105
Garden City, NY 11530
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NY-04Similar Companies near Garden City
In the Garden City area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 500) and received an average PPP loan of $275,610 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
Stekor Operating Corp
Garden City, NY
VAJ Ice Cream Inc DBA
Stewart Manor, NY
Garden City Gourmet Grill
Garden City, NY
DJ's International Buffet II, Inc
Garden City, NY
Rockaway Cafe, Inc.
Jamaica, NY
Shree Shree Corp
Garden City, NY
279 Nassau Blvd Corp
Garden City South, NY
Mivili Restaurant Corp
Garden City, NY
Core Garden City LLC
Garden City, NY
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, 95% lower than Creative Foods Corp's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.75M.
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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