PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Kings Highway Donuts LLC, Manasquan, NJ

ALERT: There are 2 PPP loans for a total of $105,428 in our database for businesses with the name "Kings Highway Donuts LLC" in Manasquan, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Kings Highway Donuts LLC

FRANCHISE

NJ

Kings Highway Donuts LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Franchise: Dunkin' Donuts

Location: Manasquan, NJ

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Kings Highway Donuts LLC is a limited liability company (LLC) located at 2517 Highway 35 Bldg 101 Bldg H in Manasquan, New Jersey that received a Coronavirus-related PPP loan from the SBA of $70,203.00 in March, 2021. This business is a Dunkin' Donuts franchise.

$ PPP Loan Information
Loan #3740608602

Loan Size:

$70,203

Jobs Retained:

13

Loan Approved:

2021-03-17

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Kings Highway Donuts LLC in Manasquan, NJ received a Paycheck Protection Loan of $70,203 through Loan Source Incorporated, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Kings Highway Donuts LLC's 2019 payroll expenses are estimated to be at least $336,974.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $25,921 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kings Highway Donuts LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $70,198
  • Utilities: $1

Business Information - Kings Highway Donuts LLC in Manasquan, NJ

Kings Highway Donuts LLC
2517 Highway 35 Bldg 101 Bldg H
Manasquan, NJ 8736

Business Industry:
Limited-Service Restaurants
NAICS code 722513

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Monmouth County, NJ — SBA Office 0299 — Congressional District: NJ-04

Similar Companies near Manasquan

In the Manasquan area, 32 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 13) and received an average PPP loan of $53,154 (compared to this company's $70,203).

Industry PPP Comparison Statistics

Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 62% higher than Kings Highway Donuts LLC's reported 13 employees, and received an average PPP loan of $101,544, 45% higher than this company's loan of $70,203.

SBA PPP loan data, payroll data, and salaries for Kings Highway Donuts LLC
NJ

Kings Highway Donuts LLC

Entity: Limited Liability Company (LLC)

Industry: Baked Goods Stores

Location: Manasquan, NJ

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Kings Highway Donuts LLC is a limited liability company (LLC) located at 2517 Hwy 35 Bldg H Suite 101 in Manasquan, New Jersey that received a Coronavirus-related PPP loan from the SBA of $35,225.00 in April, 2020.

$ PPP Loan Information
Loan #3624477106

Loan Size:

$35,225

Jobs Retained:

10

Loan Approved:

2020-04-11

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Kings Highway Donuts LLC in Manasquan, NJ received a Paycheck Protection Loan of $35,225 through Loan Source Incorporated, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Kings Highway Donuts LLC's 2019 payroll expenses are estimated to be at least $169,080.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $16,908 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kings Highway Donuts LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $35,225

Business Information - Kings Highway Donuts LLC in Manasquan, NJ

Kings Highway Donuts LLC
2517 Hwy 35 Bldg H Suite 101
Manasquan, NJ 8736

Business Industry:
Baked Goods Stores
NAICS code 445291

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Monmouth County, NJ — SBA Office 0299 — Congressional District: NJ-04

Similar Companies near Manasquan

In the Manasquan area, 13 businesses in the "Baked Goods Stores" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 10) and received an average PPP loan of $62,481 (compared to this company's $35,225).

Industry PPP Comparison Statistics

Nationwide, 8,897 businesses in the "Baked Goods Stores" industry received a total of $411.8M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, the same amount reported by Kings Highway Donuts LLC and received an average PPP loan of $46,285, 31% higher than this company's loan of $35,225.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/kings-highway-donuts-llc-manasquan-nj