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

PPP Loan Data — Uncle Lens Bakery LLC, Cherry Hill, NJ

ALERT: There are 2 PPP loans for a total of $18,979 in our database for businesses with the name "Uncle Lens Bakery LLC" in Cherry Hill, 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 Uncle Lens Bakery LLC
NJ

Uncle Lens Bakery LLC

Entity: Limited Liability Company (LLC)

Industry: Baked Goods Stores

Location: Cherry Hill, NJ

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Uncle Lens Bakery LLC is a limited liability company (LLC) located at 2081 Marlton Pike E in Cherry Hill, New Jersey that received a Coronavirus-related PPP loan from the SBA of $13,262.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #1779508703

Loan Size:

$13,262

Jobs Retained:

5

Loan Approved:

2021-03-27

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

Uncle Lens Bakery LLC in Cherry Hill, NJ received a Paycheck Protection Loan of $13,262 through TD 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, Uncle Lens Bakery LLC's 2019 payroll expenses are estimated to be at least $63,658.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $12,732 per employee1

Reported PPP Proceed Usage:

On the PPP application, Uncle Lens Bakery LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,259
  • Utilities: $1

Business Information - Uncle Lens Bakery LLC in Cherry Hill, NJ

Uncle Lens Bakery LLC
2081 Marlton Pike E
Cherry Hill, NJ 8003

Business Industry:
Baked Goods Stores
NAICS code 445291

Business Owner Demographics

Race: Unreported

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

Camden County, NJ — SBA Office 0299 — Congressional District: NJ-01

Similar Companies near Cherry Hill

In the Cherry Hill area, 11 businesses in the "Baked Goods Stores" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $40,856 (compared to this company's $13,262).

Industry PPP Comparison Statistics

Nationwide, 9,213 businesses in the "Baked Goods Stores" industry received a total of $417.18M 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 10 employees, 100% higher than Uncle Lens Bakery LLC's reported 5 employees, and received an average PPP loan of $45,282, 241% higher than this company's loan of $13,262.

SBA PPP loan data, payroll data, and salaries for Uncle Lens Bakery LLC
NJ

Uncle Lens Bakery LLC

Entity: Limited Liability Company (LLC)

Industry: Retail Bakeries

Location: Cherry Hill, NJ

Search All PPP Data

Uncle Lens Bakery LLC is a limited liability company (LLC) located at 2081 Marlton Pike Route 70 East in Cherry Hill, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,717.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #6008667409

Loan Size:

$5,717

Jobs Retained:

3

Loan Approved:

2020-05-13

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

Uncle Lens Bakery LLC in Cherry Hill, NJ received a Paycheck Protection Loan of $5,717 through TD Bank, National Association, which was approved in May, 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, Uncle Lens Bakery LLC's 2019 payroll expenses are estimated to be at least $27,442.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $9,147 per employee1

Reported PPP Proceed Usage:

On the PPP application, Uncle Lens Bakery LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,717

Business Information - Uncle Lens Bakery LLC in Cherry Hill, NJ

Uncle Lens Bakery LLC
2081 Marlton Pike Route 70 East
Cherry Hill, NJ 8003

Business Industry:
Retail Bakeries
NAICS code 311811

Business Owner Demographics

Race: Unreported

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

Camden County, NJ — SBA Office 0299 — Congressional District: NJ-01

Industry PPP Comparison Statistics

Nationwide, 14,770 businesses in the "Retail Bakeries" industry received a total of $613.69M 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 7 employees, 133% higher than Uncle Lens Bakery LLC's reported 3 employees, and received an average PPP loan of $41,550, 627% higher than this company's loan of $5,717.

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/uncle-lens-bakery-llc-cherry-hill-nj