PPP Loan Data — Jule Holdings LLC, Iselin, NJ
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
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.
Business Information - Jule Holdings LLC in Iselin, NJ
116 Grand St
Iselin, NJ 08830
Child Day Care Services (NAICS code 624410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Montessori Learning House, LLC
Hinder Them Not Montessori School
Excel Family Care LLC
Monroe Township, NJ
The Kiddie Corral Child Learning
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.
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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