NJ

DEM Two Hands, Inc.

Entity: Subchapter S Corporation

Industry: Women's Clothing Stores

Location: Montclair, NJ

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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

DEM 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

Similar 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).

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.