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PPP Loan Data — Jewish Federation Of Southern, Cherry Hill, NJ

SBA PPP loan data, payroll data, and salaries for Jewish Federation Of Southern
NJ Nonprofit Organization

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:

$2.97M

Jobs Retained:

490

Loan Approved:

2020-04-14

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Jewish 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.

Because the loan received by Jewish Federation Of Southern is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Jewish Federation Of Southern in Cherry Hill, NJ

Jewish Federation Of Southern
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-01

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/jewish-federation-of-southern-cherry-hill-nj