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PPP Loan Data — New Jersey Restaurants, LLC,
Conshohocken, PA
New Jersey Restaurants, LLC
Entity: Limited Liability Company (LLC)
Industry: Limited-Service Restaurants
Location: Conshohocken, PA
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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
Loan Size:
Jobs Retained:
499Loan Approved:
2020-04-06Lender:
CITY NATIONAL BANKNew 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
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: PA-04Similar 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:
Franzone's Inc.
Conshohocken, PA
Virginia Restaurants, LLC
Conshohocken, PA
AMA Moorehead, LLC
West Conshohocken, PA
Delaware Restaurants, LLC
Conshohocken, PA
Ashta Vinayak Inc.
Conshohocken, PA
Oak Restaurants, LLC
Conshohocken, PA
Pine Restaurants LLC
Conshohocken, PA
BLT Cantina, LLC
Conshohocken, PA
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.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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