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PPP Loan Data — Sunshine Bouquet Company, Dayton, NJ

SBA PPP loan data, payroll data, and salaries for Sunshine Bouquet Company
NJ

Sunshine Bouquet Company

Entity: Corporation

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Dayton, NJ

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Sunshine Bouquet Company is a corporation located at 3 Chris Ct Ste A in Dayton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,445,480.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.45M

Jobs Retained:

400

Loan Approved:

2020-04-15

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Sunshine Bouquet Company in Dayton, NJ received a Paycheck Protection Loan of $4.45M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sunshine Bouquet Company's total 2019 payroll expenses were approximately $21.34M in order to qualify for the PPP loan amount received.

Based on their reported 400 jobs retained, this equals an estimated average yearly compensation of $53,346 per employee1.

Because the loan received by Sunshine Bouquet Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sunshine Bouquet Company in Dayton, NJ

Sunshine Bouquet Company
3 Chris Ct Ste A
Dayton, NJ 08810

Business Industry

All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-12

Industry PPP Comparison Statistics

Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than Sunshine Bouquet Company's reported 400 employees, and received an average PPP loan of $50,641, 99% lower than this company's loan of $4.45M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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/sunshine-bouquet-company-dayton-nj