PPP Loan Data — DEM Two Hands, Inc.,
Montclair, NJ
DEM Two Hands, Inc.
Entity: Subchapter S Corporation
Industry: Women's Clothing Stores
Location: Montclair, NJ

DEM Two Hands, Inc. is a subchapter s corporation located at 61 Fullerton Ave in Montclair, New Jersey that received a Coronavirus-related PPP loan from the SBA of $10,330.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-06Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONDEM Two Hands, Inc. received a Paycheck Protection Loan of $10,330 through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, DEM Two Hands, Inc.'s total 2019 payroll expenses were approximately $49,584 in order to qualify for the PPP loan amount received.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $16,528 per employee1.
Business Information - DEM Two Hands, Inc. in Montclair, NJ
61 Fullerton Ave
Montclair, NJ 7042
Business Industry
Women's Clothing Stores (NAICS code 448120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: NJ-10Similar Companies near Montclair
In the Montclair area, 13 businesses in the "Women's Clothing Stores" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $251,983 (compared to this company's $10,330).
Similar Nearby Businesses Who Received PPP Funding:
One Savvy Design
Montclair, NJ
Bungalow A Boutique Inc
Millburn, NJ
Village Vogue Inc II
Upper Montclair, NJ
Culture Couture
Montclair, NJ
R&B P3 Inc
Montclair, NJ
Chez Renee Enterprises LLC
Montclair, NJ
Press King Co LLC
Montclair, NJ
Lace N Luxe Boutique LLC
Montclair, NJ
Industry PPP Comparison Statistics
Nationwide, 10,464 businesses in the "Women's Clothing Stores" industry received a total of $410,607,563.00 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 6 employees, 100% higher than DEM Two Hands, Inc.'s reported 3 employees, and received an average PPP loan of $39,240, 280% higher than this company's loan of $10,330.
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.
Footnotes & Information
1. 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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