PPP Loan Data — Broadway Srj, LLC, Brooklyn, NY
Broadway Srj, LLC is a limited liability company (LLC) located at 386 Flatbush Avenue Ext in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,006,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Newtek Small Business Finance, Inc.
Broadway Srj, LLC in Brooklyn, NY received a Paycheck Protection Loan of $2.01M through Newtek Small Business Finance, Inc., which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Broadway Srj, LLC's 2019 payroll expenses are estimated to be at least $9.63M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $57,683 per employee1
Reported PPP Proceed Usage:
On the PPP application, Broadway Srj, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,006,900
Business Information - Broadway Srj, LLC in Brooklyn, NY
386 Flatbush Avenue Ext
Brooklyn, NY 11201
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 205 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 167) and received an average PPP loan of $188,770 (compared to this company's $2.01M).
Similar Nearby Businesses Who Received PPP Funding:
Katz's Delicatessen Of Brooklyn Inc
Dircksen & Talleyrand Inc
Juliana's Utbb LLC
Heights Falafel House Corp
Cobblestone Restaurant Group LLC
82 Henry Cuisine Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 87% lower than Broadway Srj, LLC's reported 167 employees, and received an average PPP loan of $129,504, 94% lower than this company's loan of $2.01M.
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Footnotes & Information
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