PPP Loan Data — Frank Donio, Inc, Hammonton, NJ
Frank Donio, Inc is a limited liability company (LLC) located at 692 N Egg Harbor Rd in Hammonton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,621,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Frank Donio, Inc received a Paycheck Protection Loan of $2.62M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Frank Donio, Inc's total 2019 payroll expenses were approximately $12.58M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $61,991 per employee1.
Business Information - Frank Donio, Inc in Hammonton, NJ
692 N Egg Harbor Rd
Hammonton, NJ 8037
Fresh Fruit and Vegetable Merchant Wholesalers (NAICS code 424480)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-02
Similar Companies near Hammonton
In the Hammonton area, 5 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 203) and received an average PPP loan of $664,346 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
John D Ordille Inc
Gino Pinto Inc
Sam Rodio Produce LLC
William Augustine & Son Inc
Industry PPP Comparison Statistics
Nationwide, 2,174 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $605,605,165.00 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 24 employees, 88% lower than Frank Donio, Inc's reported 203 employees, and received an average PPP loan of $278,567, 89% lower than this company's loan of $2.62M.
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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