PPP Loan Data — Family First Funding, Toms River, NJ
Family First Funding is a limited liability company (LLC) located at 215 Main Street in Toms River, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,819,365.00 in April, 2020.
$ PPP Loan Information
Lender:OCEANFIRST BANK, NATIONAL ASSOCIATION
Family First Funding in Toms River, NJ received a Paycheck Protection Loan of $2.82M through OCEANFIRST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Family First Funding's total 2019 payroll expenses were approximately $13.53M in order to qualify for the PPP loan amount received.
Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $58,332 per employee1.
Business Information - Family First Funding in Toms River, NJ
215 Main Street
Toms River, NJ 8753
Real Estate Credit (NAICS code 522292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-03
Similar Companies near Toms River
In the Toms River area, 2 businesses in the "Real Estate Credit" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 232) and received an average PPP loan of $1,656,283 (compared to this company's $2.82M).
Similar Nearby Businesses Who Received PPP Funding:
Oceanside Mortgage Company
Toms River, NJ
Industry PPP Comparison Statistics
Nationwide, 1,706 businesses in the "Real Estate Credit" industry received a total of $570,275,600.00 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 21 employees, 91% lower than Family First Funding's reported 232 employees, and received an average PPP loan of $334,276, 88% lower than this company's loan of $2.82M.
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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