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PPP Loan Data — DEB El Food Products LLC, Newark, NJ

SBA PPP loan data, payroll data, and salaries for DEB El Food Products LLC
NJ

DEB El Food Products LLC

Entity: Corporation

Industry: All Other Miscellaneous Food Manufacturing

Location: Newark, NJ

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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

Loan Size:

$2.6M

Jobs Retained:

219

Loan Approved:

2020-04-13

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.

Because the loan received by DEB El Food Products 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 - DEB El Food Products LLC in Newark, NJ

DEB El Food Products LLC
520 Broad Street, 6th Fl
Newark, NJ 7102

Business Industry

All Other Miscellaneous Food Manufacturing (NAICS code 311999)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Newark, NJ

$1.12M PPP Loan

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/deb-el-food-products-llc-newark-nj