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PPP Loan Data — Jewish Federation Of Southern,
Cherry Hill, NJ
Jewish Federation Of Southern
Entity: Non-profit Organization
Industry: Civic and Social Organizations
Location: Cherry Hill, NJ
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Jewish Federation Of Southern is a non-profit organization located at 1301 Springdale Rd in Cherry Hill, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,967,008.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
490Loan Approved:
2020-04-14Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COJewish Federation Of Southern in Cherry Hill, NJ received a Paycheck Protection Loan of $2.97M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jewish Federation Of Southern's total 2019 payroll expenses were approximately $14.24M in order to qualify for the PPP loan amount received.
Based on their reported 490 jobs retained, this equals an estimated average yearly compensation of $29,065 per employee1.
Business Information - Jewish Federation Of Southern in Cherry Hill, NJ
1301 Springdale Rd
Cherry Hill, NJ 08003
Business Industry
Civic and Social Organizations (NAICS code 813410)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-01Similar Companies near Cherry Hill
In the Cherry Hill area, 3 businesses in the "Civic and Social Organizations" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 490) and received an average PPP loan of $1,062,288 (compared to this company's $2.97M).
Similar Nearby Businesses Who Received PPP Funding:
Jewish Community Foundation
Cherry Hill, NJ
Cherry Hill Corf, LLC
Cherry Hill, NJ
Industry PPP Comparison Statistics
Nationwide, 11,463 businesses in the "Civic and Social Organizations" industry received a total of $1,562,132,328.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 97% lower than Jewish Federation Of Southern's reported 490 employees, and received an average PPP loan of $136,276, 95% lower than this company's loan of $2.97M.
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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