PPP Loan Data — J Kishan LLC, Clementon, NJ
J Kishan LLC is a limited liability company (LLC) located at 54 Park Blvd in Clementon, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
J Kishan LLC in Clementon, NJ received a Paycheck Protection Loan of $25,000 through Citizens Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, J Kishan LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, J Kishan LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - J Kishan LLC in Clementon, NJ
54 Park Blvd
Clementon, NJ 8021
NAICS code 445120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Clementon
In the Clementon area, 9 businesses in the "Convenience Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $16,342 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Pine Hill, NJ
Malav Enterprises Inc
Kishan & Khushbu Inc
Pine Hill, NJ
Dutt Guru LLC
R & R Kabir LLC
Industry PPP Comparison Statistics
Nationwide, 30,055 businesses in the "Convenience Stores" industry received a total of $856.22M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 100% higher than J Kishan LLC's reported 3 employees, and received an average PPP loan of $28,488, 14% higher than this company's loan of $25,000.
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Footnotes & Information
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