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PPP Loan Data — Jule Holdings LLC, Iselin, NJ

SBA PPP loan data, payroll data, and salaries for Jule Holdings LLC
NJ

Jule Holdings LLC

Entity: Limited Liability Company (LLC)

Industry: Child Day Care Services

Location: Iselin, NJ

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Jule Holdings LLC is a limited liability company (LLC) located at 116 Grand St in Iselin, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,725,357.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.73M

Jobs Retained:

475

Loan Approved:

2020-04-10

Lender:

COLUMBIA BANK

Jule Holdings LLC in Iselin, NJ received a Paycheck Protection Loan of $2.73M through COLUMBIA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jule Holdings LLC's total 2019 payroll expenses were approximately $13.08M in order to qualify for the PPP loan amount received.

Based on their reported 475 jobs retained, this equals an estimated average yearly compensation of $27,540 per employee1.

Because the loan received by Jule Holdings LLC 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 - Jule Holdings LLC in Iselin, NJ

Jule Holdings LLC
116 Grand St
Iselin, NJ 08830

Business Industry

Child Day Care Services (NAICS code 624410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-06

Similar Companies near Iselin

In the Iselin area, 7 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 475) and received an average PPP loan of $427,894 (compared to this company's $2.73M).

Industry PPP Comparison Statistics

Nationwide, 42,269 businesses in the "Child Day Care Services" industry received a total of $2,725,013,735.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 98% lower than Jule Holdings LLC's reported 475 employees, and received an average PPP loan of $64,468, 98% lower than this company's loan of $2.73M.

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.

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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/jule-holdings-llc-iselin-nj