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

PPP Loan Data — Spuntino Of Clifton LLC, Allendale, NJ

ALERT: There are 2 PPP loans for a total of $825,238 in our database for businesses with the name "Spuntino Of Clifton LLC" in Allendale, 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 Spuntino Of Clifton LLC
NJ

Spuntino Of Clifton LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Allendale, NJ

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Spuntino Of Clifton LLC is a limited liability company (LLC) located at 7 Pearl Ct in Allendale, New Jersey that received a Coronavirus-related PPP loan from the SBA of $477,409.00 in February, 2021.

$ PPP Loan Information Loan #3427108500

Loan Size:

$477,409

Jobs Retained:

27

Loan Approved:

2021-02-23

Loan Status:

Ongoing Loan

Lender:

Equity Bank

Spuntino Of Clifton LLC in Allendale, NJ received a Paycheck Protection Loan of $477,409 through Equity Bank, which was approved in February, 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.

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, Spuntino Of Clifton LLC's 2019 payroll expenses are estimated to be at least $2.29M.

Based on their reported 27 jobs retained, this equals an estimated average yearly compensation of $84,873 per employee1

Reported PPP Proceed Usage:

On the PPP application, Spuntino Of Clifton LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $477,409

Business Information - Spuntino Of Clifton LLC in Allendale, NJ

Spuntino Of Clifton LLC
7 Pearl Ct
Allendale, NJ 7401

Business Industry:
Full-Service Restaurants
NAICS code 722511

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

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near Allendale

In the Allendale area, 35 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 27) and received an average PPP loan of $1,008,491 (compared to this company's $477,409).

Industry PPP Comparison Statistics

Nationwide, 309,041 businesses in the "Full-Service Restaurants" industry received a total of $40,925,043,285.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 6% of the total PPP funding allocated.

PPP recipients in this industry report an average of 23 employees, 15% lower than Spuntino Of Clifton LLC's reported 27 employees, and received an average PPP loan of $132,426, 72% lower than this company's loan of $477,409.

SBA PPP loan data, payroll data, and salaries for Spuntino Of Clifton, LLC
NJ

Spuntino Of Clifton, LLC

Entity: Limited Liability Company (LLC)

Industry: Limited-Service Restaurants

Location: Allendale, NJ

Search All PPP Data

Spuntino Of Clifton, LLC is a limited liability company (LLC) located at 7 Pearl Ct in Allendale, New Jersey that received a Coronavirus-related PPP loan from the SBA of $347,829.00 in April, 2020.

$ PPP Loan Information Loan #8524467000

Loan Size:

$347,829

Jobs Retained:

45

Loan Approved:

2020-04-08

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

Spuntino Of Clifton, LLC in Allendale, NJ received a Paycheck Protection Loan of $347,829 through TD Bank, National Association, 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, Spuntino Of Clifton, LLC's 2019 payroll expenses are estimated to be at least $1.67M.

Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $37,102 per employee1

Reported PPP Proceed Usage:

On the PPP application, Spuntino Of Clifton, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $347,829

Business Information - Spuntino Of Clifton, LLC in Allendale, NJ

Spuntino Of Clifton, LLC
7 Pearl Ct
Allendale, NJ 7401

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: N

Rural / Urban: Urban

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near Allendale

In the Allendale area, 31 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 45) and received an average PPP loan of $1,033,230 (compared to this company's $347,829).

Industry PPP Comparison Statistics

Nationwide, 128,172 businesses in the "Limited-Service Restaurants" industry received a total of $13,481,066,950.00 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 22 employees, 51% lower than Spuntino Of Clifton, LLC's reported 45 employees, and received an average PPP loan of $105,180, 70% lower than this company's loan of $347,829.

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/spuntino-of-clifton-llc-allendale-nj