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PPP Loan Data — Hopewell Nursery Inc., Bridgeton, NJ

SBA PPP loan data, payroll data, and salaries for Hopewell Nursery Inc.
NJ

Hopewell Nursery Inc.

Entity: Subchapter S Corporation

Industry: Nursery, Garden Center, and Farm Supply Stores

Location: Bridgeton, NJ

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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

Loan Size:

$4.53M

Jobs Retained:

500

Loan Approved:

2020-04-14

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.

Because the loan received by Hopewell Nursery Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Hopewell Nursery Inc. in Bridgeton, NJ

Hopewell Nursery Inc.
309 Woodruff Rd
Bridgeton, NJ 08302

Business Industry

Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hopewell-nursery-inc-bridgeton-nj