PPP Loan Data — Kashiv Biosciences LLC, Bridgewater, NJ
Kashiv Biosciences LLC is a limited liability company (LLC) located at 997 Us Highway 202/206 in Bridgewater, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,152,700.00 in April, 2020.
The company has reported itself as an Asian owned business, and employed at least 170 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMERCIAL BANK OF CALIFORNIA
Kashiv Biosciences LLC in Bridgewater, NJ received a Paycheck Protection Loan of $4.15M through COMMERCIAL BANK OF CALIFORNIA, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 170 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 199.
Based on standard PPP eligibility rules, Kashiv Biosciences LLC's total 2019 payroll expenses were approximately $19.93M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 170 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Kashiv Biosciences LLC in Bridgewater, NJ
997 Us Highway 202/206
Bridgewater, NJ 08807
Pharmaceutical Preparation Manufacturing (NAICS code 325412)
Business Owner Demographics
Race / Ethnicity: ASIAN
Veteran Status: UnreportedCongressional District: NJ-07
Similar Companies near Bridgewater
In the Bridgewater area, 2 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 170) and received an average PPP loan of $2,102,061 (compared to this company's $4.15M).
Similar Nearby Businesses Who Received PPP Funding:
Hudson Biopharma Inc.
Industry PPP Comparison Statistics
Nationwide, 1,351 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $515,322,883.00 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 22 employees, 87% lower than Kashiv Biosciences LLC's reported 170 employees, and received an average PPP loan of $381,438, 91% lower than this company's loan of $4.15M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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