PPP Loan Data — Emone Tofu, Malden, MA
Emone Tofu is a corporation located at 184 Salem St in Malden, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,402.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Emone Tofu in Malden, MA received a Paycheck Protection Loan of $46,402 through WebBank, which was approved in May, 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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Emone Tofu's 2019 payroll expenses are estimated to be at least $222,730.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,546 per employee1
Reported PPP Proceed Usage:
On the PPP application, Emone Tofu reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,402
Business Information - Emone Tofu in Malden, MA
184 Salem St
Malden, MA 2148
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Malden
In the Malden area, 114 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $78,373 (compared to this company's $46,402).
Similar Nearby Businesses Who Received PPP Funding:
8/10 Bar And Grille, Inc
Blue Lily, LLC
Ming Seafood Restaurant, Inc
Oliveiras Enterprises Corp
ACE Concepts Inc
Dial Delia Corporation
Rancho Los Primos Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 340% higher than Emone Tofu's reported 5 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,402.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!