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PPP Loan Data — Eric Deshields, North Cape May, NJ

ALERT: There are 2 PPP loans for a total of $41,663 in our database for businesses with the name "Eric Deshields" in North Cape May, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Eric Deshields
NJ

Eric Deshields

Entity: Independent Contractor

Industry: Shellfish Fishing

Location: North Cape May, NJ

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Eric Deshields is an independent contractor located in North Cape May, New Jersey that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

$ PPP Loan Information
Loan #5737508605

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-20

Loan Status:

Paid in Full or Forgiven

Lender:

Tioga-Franklin Savings Bank

Eric Deshields in North Cape May, NJ received a Paycheck Protection Loan of $20,833 through Tioga-Franklin Savings Bank, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Eric Deshields reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Eric Deshields in North Cape May, NJ

Eric Deshields
North Cape May, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Shellfish Fishing
NAICS code 114112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cape May County, NJ — SBA Office 0299 — Congressional District: NJ-02

Similar Companies near North Cape May

In the North Cape May area, 26 businesses in the "Shellfish Fishing" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $150,161 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 6,142 businesses in the "Shellfish Fishing" industry received a total of $130.31M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 2 employees, 100% higher than Eric Deshields' reported 1 employees, and received an average PPP loan of $21,216, 2% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Eric Deshields
NJ

Eric Deshields

Entity: Independent Contractor

Industry: Other Marine Fishing

Location: North Cape May, NJ

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Eric Deshields is an independent contractor located in North Cape May, New Jersey that received a Coronavirus-related PPP loan from the SBA of $20,830.00 in July, 2020.

$ PPP Loan Information
Loan #4064898105

Loan Size:

$20,830

Jobs Retained:

1

Loan Approved:

2020-07-15

Loan Status:

Paid in Full or Forgiven

Lender:

Republic First Bank d/b/a Republic Bank

Eric Deshields in North Cape May, NJ received a Paycheck Protection Loan of $20,830 through Republic First Bank d/b/a Republic Bank, which was approved in July, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Eric Deshields reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,830

Business Information - Eric Deshields in North Cape May, NJ

Eric Deshields
North Cape May, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Marine Fishing
NAICS code 114119

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cape May County, NJ — SBA Office 0299 — Congressional District: NJ-02

Similar Companies near North Cape May

In the North Cape May area, 67 businesses in the "Other Marine Fishing" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 1) and received an average PPP loan of $96,163 (compared to this company's $20,830).

Industry PPP Comparison Statistics

Nationwide, 3,917 businesses in the "Other Marine Fishing" industry received a total of $85.69M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 3 employees, 200% higher than Eric Deshields' reported 1 employees, and received an average PPP loan of $21,877, 5% higher than this company's loan of $20,830.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/eric-deshields-north-cape-may-nj