PPP Loan Data — Golden Krust Caribbean Bakery,, Bronx, NY
Golden Krust Caribbean Bakery, is a corporation located at 3958 Park Ave in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $3,177,588.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least 216 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Golden Krust Caribbean Bakery, received a Paycheck Protection Loan of $3.18M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Golden Krust Caribbean Bakery,'s total 2019 payroll expenses were approximately $15.25M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $70,613 per employee1.
Business Information - Golden Krust Caribbean Bakery, in Bronx, NY
3958 Park Ave
Bronx, NY 10457
Perishable Prepared Food Manufacturing (NAICS code 311991)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-15
Industry PPP Comparison Statistics
Nationwide, 917 businesses in the "Perishable Prepared Food Manufacturing" industry received a total of $218,265,244.00 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 22 employees, 90% lower than Golden Krust Caribbean Bakery,'s reported 216 employees, and received an average PPP loan of $238,021, 93% lower than this company's loan of $3.18M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!