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PPP Loan Data — JAE Miami Dade LLC,
Pompano Beach, FL
JAE Miami Dade LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Pompano Beach, FL
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JAE Miami Dade LLC is a limited liability company (LLC) located at 1100 Park Central Blvd in Pompano Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $3,497,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-06Lender:
CITY NATIONAL BANKJAE Miami Dade LLC received a Paycheck Protection Loan of $3.5M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, JAE Miami Dade LLC's total 2019 payroll expenses were approximately $16.79M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $67,158 per employee1.
Business Information - JAE Miami Dade LLC in Pompano Beach, FL
1100 Park Central Blvd
Pompano Beach, FL 33064
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: FL-22Similar Companies near Pompano Beach
In the Pompano Beach area, 42 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 250) and received an average PPP loan of $457,127 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Mr Wu Inc
Coral Springs, FL
Rolls And Grill LLC
Margate, FL
Tazza Cafe, LLC
Coral Springs, FL
China Express Zhou Inc
Pompano Beach, FL
Legends East Inc
Lighthouse Point, FL
JAE Florida, LLC
Pompano Beach, FL
JAE North Florida, LLC
Pompano Beach, FL
Royal Donuts, LLC
Margate, FL
Mikey Nice Cake Inc
Margate, FL
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 91% lower than JAE Miami Dade LLC's reported 250 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.5M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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