PPP Loan Data — FSH Holdings LLC, Nutley, NJ
FSH Holdings LLC is a limited liability company (LLC) located at 238 Franklin Ave. in Nutley, New Jersey that received a Coronavirus-related PPP loan from the SBA of $45,955.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
FSH Holdings LLC in Nutley, NJ received a Paycheck Protection Loan of $45,955 through Lakeland Bank, 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, FSH Holdings LLC's 2019 payroll expenses are estimated to be at least $220,584.
Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $9,591 per employee1
Reported PPP Proceed Usage:
On the PPP application, FSH Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,955
Business Information - FSH Holdings LLC in Nutley, NJ
238 Franklin Ave.
Nutley, NJ 7110
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 Nutley
In the Nutley area, 60 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 23) and received an average PPP loan of $64,232 (compared to this company's $45,955).
Similar Nearby Businesses Who Received PPP Funding:
Avondale Events LLC
Lucky Star Chinese Kitchen
Kb's BBQ Smoke House LLC
Crimson95 Spirits LLC
Cambrook Foods LLC
Antojitos Restaurant Inc-Sba Small 7A Term
Antojitos Restaurant 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, 4% lower than FSH Holdings LLC's reported 23 employees, and received an average PPP loan of $129,504, 182% higher than this company's loan of $45,955.
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Footnotes & Information
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