PPP Loan Data — GNJ LLC, Charlottesville, VA
GNJ LLC is a limited liability company (LLC) located at 105 Monte Vista in Charlottesville, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,417.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens and Farmers Bank
GNJ LLC in Charlottesville, VA received a Paycheck Protection Loan of $46,417 through Citizens and Farmers 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, GNJ LLC's 2019 payroll expenses are estimated to be at least $222,802.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,701 per employee1
Reported PPP Proceed Usage:
On the PPP application, GNJ LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,417
Business Information - GNJ LLC in Charlottesville, VA
105 Monte Vista
Charlottesville, VA 22903
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlottesville
In the Charlottesville area, 213 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 4) and received an average PPP loan of $127,322 (compared to this company's $46,417).
Similar Nearby Businesses Who Received PPP Funding:
Abrams Restaurant Group LLC
PAD Thai LLC
Sultan Kebab LLC
Belmont Trades 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, 450% higher than GNJ LLC's reported 4 employees, and received an average PPP loan of $129,504, 179% higher than this company's loan of $46,417.
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Footnotes & Information
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