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

PPP Loan Data — Medford Core LLC, Medford, NJ

ALERT: There are 2 PPP loans for a total of $26,922 in our database for businesses with the name "Medford Core LLC" in Medford, 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 Medford Core LLC
NJ

Medford Core LLC

Entity: Limited Liability Company (LLC)

Industry: Fitness and Recreational Sports Centers

Location: Medford, NJ

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Medford Core LLC is a limited liability company (LLC) located in Medford, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,922.00 in March, 2021.

The company has reported itself as an American indian or alaska native male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6576628500

Loan Size:

$1,922

Jobs Retained:

1

Loan Approved:

2021-03-04

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Medford Core LLC in Medford, NJ received a Paycheck Protection Loan of $1,922 through Manufacturers and Traders Trust Company, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Medford Core LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,918
  • Utilities: $1

Business Information - Medford Core LLC in Medford, NJ

Medford Core LLC
Medford, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Burlington County, NJ — SBA Office 0299 — Congressional District: NJ-03

Similar Companies near Medford

In the Medford area, 39 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 1) and received an average PPP loan of $58,583 (compared to this company's $1,922).

Industry PPP Comparison Statistics

Nationwide, 62,038 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.97B 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 12 employees, 1100% higher than Medford Core LLC's reported 1 employees, and received an average PPP loan of $47,823, 2388% higher than this company's loan of $1,922.

SBA PPP loan data, payroll data, and salaries for Medford Core LLC
NJ

Medford Core LLC

Entity: Limited Liability Company (LLC)

Industry: Sports and Recreation Instruction

Location: Medford, NJ

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Medford Core LLC is a limited liability company (LLC) located at 35 B Jackson Rd in Medford, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

The company has reported itself as an American indian or alaska native male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #7945867202

Loan Size:

$25,000

Jobs Retained:

3

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Medford Core LLC in Medford, NJ received a Paycheck Protection Loan of $25,000 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.

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, Medford Core LLC's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Medford Core LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Medford Core LLC in Medford, NJ

Medford Core LLC
35 B Jackson Rd
Medford, NJ 8055

Business Industry:
Sports and Recreation Instruction
NAICS code 611620

Business Owner Demographics

Race: American Indian or Alaska Native

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Burlington County, NJ — SBA Office 0299 — Congressional District: NJ-03

Similar Companies near Medford

In the Medford area, 14 businesses in the "Sports and Recreation Instruction" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $38,119 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 26,103 businesses in the "Sports and Recreation Instruction" industry received a total of $882.67M 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 8 employees, 167% higher than Medford Core LLC's reported 3 employees, and received an average PPP loan of $33,815, 35% higher than this company's loan of $25,000.

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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Source: www.federalpay.org/paycheck-protection-program/medford-core-llc-medford-nj