AJP Enterprises, LLC is a limited liability company (LLC) located at 5005 Pacific Hwy E Ste 12 in Fife, Washington that received a Coronavirus-related PPP loan from the SBA of $4,232,600.00 in April, 2020. This business is a Jack in the Box franchise.

$ PPP Loan Information

Loan #5777207008

AJP Enterprises, LLC in Fife, WA received a Paycheck Protection Loan of $4.23M through City National Bank, which was approved in April, 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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 23 jobs reported as retained on the PPP application³. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 203. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

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, AJP Enterprises, LLC's 2019 payroll expenses are estimated to be at least $20.32M (not accounting for salary amounts > $100k).

Because the 23 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, AJP Enterprises, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $3,174,450
• Health Care: $1,058,150

Business Information - AJP Enterprises, LLC in Fife, WA

Similar Companies near Fife

In the Fife area, 13 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 23) and received an average PPP loan of $543,108 (compared to this company's $4.23M).

Industry PPP Comparison Statistics

Nationwide, 127,949 businesses in the "Limited-Service Restaurants" industry received a total of $13.48B 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 22 employees, 4% lower than AJP Enterprises, LLC's reported 23 employees, and received an average PPP loan of $105,388, 98% lower than this company's loan of $4.23M.