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PPP Loan Data — Harvest Restaurant Group LLC,
Morris Plains, NJ
Harvest Restaurant Group LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: Morris Plains, NJ
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Harvest Restaurant Group LLC is a limited liability company (LLC) located at 2230 State Route 10 W Ste 2 in Morris Plains, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,633,225.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 458 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
458Loan Approved:
2020-04-11Lender:
TD BANK, NATIONAL ASSOCIATIONHarvest Restaurant Group LLC in Morris Plains, NJ received a Paycheck Protection Loan of $5.63M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Harvest Restaurant Group LLC's total 2019 payroll expenses were approximately $27.04M in order to qualify for the PPP loan amount received.
Based on their reported 458 jobs retained, this equals an estimated average yearly compensation of $59,038 per employee1.
Business Information - Harvest Restaurant Group LLC in Morris Plains, NJ
2230 State Route 10 W Ste 2
Morris Plains, NJ 7950
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: NJ-11Similar Companies near Morris Plains
In the Morris Plains area, 10 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 458) and received an average PPP loan of $600,464 (compared to this company's $5.63M).
Similar Nearby Businesses Who Received PPP Funding:
A & B Bagel And Deli III, LLC
Morris Plains, NJ
Carmel Haifa Limited Liability Company
Morris Plains, NJ
A & E Of Morris Plains
Morris Plains, NJ
Nofito LLC
Morris Plains, NJ
Tabor Pizzeria LLC
Morris Plains, NJ
Regalo LLC
Morris Plains, NJ
JAI Bhawani Inc
Morris Plains, NJ
Up Thai Corp
Morris Plains, NJ
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Harvest Restaurant Group LLC's reported 458 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $5.63M.
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, and is published unmodified, as provided by the SBA.
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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