PPP Loan Data — DEB El Food Products LLC, Newark, NJ
DEB El Food Products LLC is a corporation located at 520 Broad Street, 6th Fl in Newark, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,603,600.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 219 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
DEB El Food Products LLC received a Paycheck Protection Loan of $2.6M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, DEB El Food Products LLC's total 2019 payroll expenses were approximately $12.5M in order to qualify for the PPP loan amount received.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $57,065 per employee1.
Business Information - DEB El Food Products LLC in Newark, NJ
520 Broad Street, 6th Fl
Newark, NJ 7102
All Other Miscellaneous Food Manufacturing (NAICS code 311999)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: NJ-10
Similar Companies near Newark
In the Newark area, 2 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a PPP loan. These local businesses reported an average of 182 employees (compared to this company's 219) and received an average PPP loan of $1,862,550 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
DEB El Iowa Operating LLC
Industry PPP Comparison Statistics
Nationwide, 2,170 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $403,864,198.00 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 18 employees, 92% lower than DEB El Food Products LLC's reported 219 employees, and received an average PPP loan of $186,113, 93% lower than this company's loan of $2.6M.
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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