PPP Loan Data — Maximum Quality Foods Inc, Linden, NJ
Maximum Quality Foods Inc
Location: Linden, NJTweet This • Search All PPP Data
Maximum Quality Foods Inc is a corporation located at 3351 Tremley Point Rd #2 in Linden, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,886,199.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Maximum Quality Foods Inc received a Paycheck Protection Loan of $2.89M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Maximum Quality Foods Inc's total 2019 payroll expenses were approximately $13.85M in order to qualify for the PPP loan amount received.
Unlike most businesses, Maximum Quality Foods Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Maximum Quality Foods Inc in Linden, NJ
3351 Tremley Point Rd #2
Linden, NJ 7036
Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-10
Similar Companies near Linden
In the Linden area, 3 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $979,626 (compared to this company's $2.89M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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, and received an average PPP loan of $146,523, 95% lower than this company's loan of $2.89M.
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Footnotes & Information
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