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

PPP Loan Data — TBG Food Acquisition Corp, Tuckahoe, NY

ALERT: There are 2 PPP loans for a total of $5.32M in our database for businesses with the name "TBG Food Acquisition Corp" in Tuckahoe, NY. 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 TBG Food Acquisition Corp

FRANCHISE

NY

TBG Food Acquisition Corp

Entity: Corporation

Industry: Limited-Service Restaurants

Franchise: Dunkin' Donut/Baskin-Robbins Co-Brand

Location: Tuckahoe, NY

Search All PPP Data

TBG Food Acquisition Corp is a corporation located at 68 Main St in Tuckahoe, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021. This business is a Dunkin' Donut/Baskin-Robbins Co-Brand franchise.

$ PPP Loan Information
Loan #6146458508

Loan Size:

$2M

Jobs Retained:

500

Loan Approved:

2021-03-03

Loan Status:

Ongoing Loan

Lender:

Citizens Bank, National Association

TBG Food Acquisition Corp in Tuckahoe, NY received a Paycheck Protection Loan of $2M through Citizens Bank, National Association, 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.

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, TBG Food Acquisition Corp's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $19,200 per employee1

Reported PPP Proceed Usage:

On the PPP application, TBG Food Acquisition Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by TBG Food Acquisition Corp 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 - TBG Food Acquisition Corp in Tuckahoe, NY

TBG Food Acquisition Corp
68 Main St
Tuckahoe, NY 10707

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

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as TBG Food Acquisition Corp.

Kosterich & Skeete LLC
Offices of Lawyers

$63,753 PPP Loan

Similar Companies near Tuckahoe

In the Tuckahoe area, 22 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 500) and received an average PPP loan of $267,111 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B 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 21 employees, 96% lower than TBG Food Acquisition Corp's reported 500 employees, and received an average PPP loan of $101,544, 95% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for TBG Food Acquisition Corp
NY

TBG Food Acquisition Corp

Entity: Corporation

Industry: Limited-Service Restaurants

Location: Tuckahoe, NY

Search All PPP Data

TBG Food Acquisition Corp is a corporation located at 68 Main Street 102 in Tuckahoe, New York that received a Coronavirus-related PPP loan from the SBA of $3,316,900.00 in April, 2020.

$ PPP Loan Information
Loan #8002077102

Loan Size:

$3.32M

Jobs Retained:

500

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Citizens Bank, National Association

TBG Food Acquisition Corp in Tuckahoe, NY received a Paycheck Protection Loan of $3.32M through Citizens Bank, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

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, TBG Food Acquisition Corp's 2019 payroll expenses are estimated to be at least $15.92M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $31,842 per employee1

Reported PPP Proceed Usage:

On the PPP application, TBG Food Acquisition Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,316,900
Because the loan received by TBG Food Acquisition Corp 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 - TBG Food Acquisition Corp in Tuckahoe, NY

TBG Food Acquisition Corp
68 Main Street 102
Tuckahoe, NY 10707

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

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Similar Companies near Tuckahoe

In the Tuckahoe area, 22 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 500) and received an average PPP loan of $267,111 (compared to this company's $3.32M).

Industry PPP Comparison Statistics

Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B 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 21 employees, 96% lower than TBG Food Acquisition Corp's reported 500 employees, and received an average PPP loan of $101,544, 97% lower than this company's loan of $3.32M.

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/tbg-food-acquisition-corp-tuckahoe-ny