PPP Loan Data — Virginia Dare Extract Co., Inc., Brooklyn, NY
Virginia Dare Extract Co., Inc. is a corporation located at 882 Third Avenue in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,830,790.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Virginia Dare Extract Co., Inc. in Brooklyn, NY received a Paycheck Protection Loan of $2.83M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Virginia Dare Extract Co., Inc.'s total 2019 payroll expenses were approximately $13.59M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $79,928 per employee1.
Business Information - Virginia Dare Extract Co., Inc. in Brooklyn, NY
882 Third Avenue
Brooklyn, NY 11232
Spice and Extract Manufacturing (NAICS code 311942)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-07
Industry PPP Comparison Statistics
Nationwide, 305 businesses in the "Spice and Extract Manufacturing" industry received a total of $69,173,361.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 89% lower than Virginia Dare Extract Co., Inc.'s reported 170 employees, and received an average PPP loan of $226,798, 92% lower than this company's loan of $2.83M.
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Footnotes & Information
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