PPP Loan Data — Hopewell Nursery Inc., Bridgeton, NJ
Hopewell Nursery Inc. is a subchapter s corporation located at 309 Woodruff Rd in Bridgeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,533,562.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Hopewell Nursery Inc. in Bridgeton, NJ received a Paycheck Protection Loan of $4.53M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hopewell Nursery Inc.'s total 2019 payroll expenses were approximately $21.76M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $43,522 per employee1.
Business Information - Hopewell Nursery Inc. in Bridgeton, NJ
309 Woodruff Rd
Bridgeton, NJ 08302
Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-02
Similar Companies near Bridgeton
In the Bridgeton area, 4 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 500) and received an average PPP loan of $1,208,347 (compared to this company's $4.53M).
Similar Nearby Businesses Who Received PPP Funding:
J Edward Nursery LLC
Riggins Nursery, LLC
Brock Farms Nurseries Inc.
Industry PPP Comparison Statistics
Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 97% lower than Hopewell Nursery Inc.'s reported 500 employees, and received an average PPP loan of $111,445, 98% lower than this company's loan of $4.53M.
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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