PPP Loan Data — Lucille's Own Make Candies, Manahawkin, NJ
Lucille's Own Make Candies is a corporation located at 156 East Route 72 in Manahawkin, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,617.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lucille's Own Make Candies in Manahawkin, NJ received a Paycheck Protection Loan of $46,617 through WebBank, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Lucille's Own Make Candies' 2019 payroll expenses are estimated to be at least $223,762.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $17,212 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lucille's Own Make Candies reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,617
Business Information - Lucille's Own Make Candies in Manahawkin, NJ
156 East Route 72
Manahawkin, NJ 8050
Confectionery Merchant Wholesalers
NAICS code 424450
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,265 businesses in the "Confectionery Merchant Wholesalers" industry received a total of $102.85M 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, 23% lower than Lucille's Own Make Candies' reported 13 employees, and received an average PPP loan of $81,305, 74% higher than this company's loan of $46,617.
FederalPay's PPP Information Policy
Footnotes & Information
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