PPP Loan Data — New Jersey Restaurants, LLC, Conshohocken, PA
New Jersey Restaurants, LLC is a limited liability company (LLC) located at 14 Balligomingo Rd in Conshohocken, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,939,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 499 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
New Jersey Restaurants, LLC received a Paycheck Protection Loan of $2.94M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Jersey Restaurants, LLC's total 2019 payroll expenses were approximately $14.11M in order to qualify for the PPP loan amount received.
Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $28,279 per employee1.
Business Information - New Jersey Restaurants, LLC in Conshohocken, PA
14 Balligomingo Rd
Conshohocken, PA 19428
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-04
Similar Companies near Conshohocken
In the Conshohocken area, 17 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 499) and received an average PPP loan of $871,350 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
Virginia Restaurants, LLC
AMA Moorehead, LLC
West Conshohocken, PA
Delaware Restaurants, LLC
Ashta Vinayak Inc.
Oak Restaurants, LLC
Pine Restaurants LLC
BLT Cantina, LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than New Jersey Restaurants, LLC's reported 499 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $2.94M.
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Footnotes & Information
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