PPP Loan Data — Jtss LLC, Salem, NH
Jtss LLC is a limited liability company (LLC) located at 82 East Broadway in Salem, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,160.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Jtss LLC in Salem, NH received a Paycheck Protection Loan of $25,160 through Service FCU, which was approved in May, 2020.
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, Jtss LLC's 2019 payroll expenses are estimated to be at least $120,768.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,154 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jtss LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,160
Business Information - Jtss LLC in Salem, NH
82 East Broadway
Salem, NH 3079
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 45 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 5) and received an average PPP loan of $146,945 (compared to this company's $25,160).
Similar Nearby Businesses Who Received PPP Funding:
Amore Pizza Inc
Grand China, Inc
Wasabi Sushi Hibachi Inc
Ralphies Cafe Italiano LLC
Ralphies Cafe Italiano
Elsherif Group LLC
Colosseum Restaurant Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 340% higher than Jtss LLC's reported 5 employees, and received an average PPP loan of $129,504, 415% higher than this company's loan of $25,160.
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Footnotes & Information
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