PPP Loan Data — Tim Newman Productions LLC, Montclair, NJ
Tim Newman Productions LLC
Entity: Limited Liability Company (LLC)
Location: Montclair, NJTweet This • Search All PPP Data
Tim Newman Productions LLC is a limited liability company (LLC) located in Montclair, New Jersey that received a Coronavirus-related PPP loan from the SBA of $11,371.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Tim Newman Productions LLC in Montclair, NJ received a Paycheck Protection Loan of $11,371 through Bank of America, National Association, which was approved in May, 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.
Reported PPP Proceed Usage:
On the PPP application, Tim Newman Productions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,371
Business Information - Tim Newman Productions LLC in Montclair, NJ
* Full address is redacted to protect the privacy of individuals.
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Montclair
In the Montclair area, 30 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $16,714 (compared to this company's $11,371).
Similar Nearby Businesses Who Received PPP Funding:
R&B P3 Inc
RC Maintenance Limited Liability Company
Thought In Motion
Over The Moon, Inc
Montclair Vacuum Center LLC
PIT Stop Mobile Tire Shop
Hammer Squared LLC
Industry PPP Comparison Statistics
Nationwide, 146,534 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.11B 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 4 employees, 300% higher than Tim Newman Productions LLC's reported 1 employees, and received an average PPP loan of $34,905, 207% higher than this company's loan of $11,371.
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.
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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