CJF Holding, LLC in Aldie, VA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — CJF Holding, LLC, Aldie, VA

FRANCHISE

CJF Holding, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Other Holding Companies

Franchise: Gold's Gym

Location: Aldie, VA

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CJF Holding, LLC is a limited liability company (LLC) located at 23568 Amesfield Pl in Aldie, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,565,600.00 in April, 2020. This business is a Gold's Gym franchise.

$ PPP Loan Information
Loan #1454677300

Loan Size:

$3.57M

Jobs Retained:

430

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Capital Bank, National Association

CJF Holding, LLC in Aldie, VA received a Paycheck Protection Loan of $3.57M through Capital Bank, National Association, which was approved in April, 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.

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.

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.

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, CJF Holding, LLC's 2019 payroll expenses are estimated to be at least $17.11M.

Based on their reported 430 jobs retained, this equals an estimated average yearly compensation of $39,802 per employee¹

Reported PPP Proceed Usage:

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

Payroll: $3,565,600

Because the loan received by CJF Holding, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - CJF Holding, LLC in Aldie, VA

CJF Holding, LLC
23568 Amesfield Pl
Aldie, VA 20105

Business Industry:
Offices of Other Holding Companies
NAICS code 551112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Loudoun County, VA — SBA Office 0353 — Congressional District: VA-10

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as CJF Holding, LLC.

CFJ Holding LLC
Fitness and Recreational Sports Centers

$2M PPP Loan

Similar Companies near Aldie

In the Aldie area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 216 employees (compared to this company's 430) and received an average PPP loan of $1,785,700 (compared to this company's $3.57M).

Similar Nearby Businesses Who Received PPP Funding:

Bavg Holdings LLC
Aldie, VA

$5,800 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 12,406 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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 13 employees, 97% lower than CJF Holding, LLC's reported 430 employees, and received an average PPP loan of $125,465, 96% lower than this company's loan of $3.57M.

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.

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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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