PPP Loan Data — Parlor Lavallette LLC, Lavallette, NJ
Parlor Lavallette LLC is a limited liability company (LLC) located at Grand Central Ave in Lavallette, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Parlor Lavallette LLC in Lavallette, NJ received a Paycheck Protection Loan of $46,100 through TD Bank, National Association, which was approved in June, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Parlor Lavallette LLC's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $15,806 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parlor Lavallette LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - Parlor Lavallette LLC in Lavallette, NJ
Grand Central Ave
Lavallette, NJ 8735
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lavallette
In the Lavallette area, 34 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 14) and received an average PPP loan of $56,101 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
Keeping It Pg Inc
Old Route 34 Donuts LLC
Holmdel Donuts LLC
Shore Good Subs Inc
Megs Grill LLC
BCM Subs, LLC
Lennys Pizzeria Restaurant
Kings Highway Donuts LLC
Channel Marker Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 50% higher than Parlor Lavallette LLC's reported 14 employees, and received an average PPP loan of $100,980, 119% higher than this company's loan of $46,100.
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Footnotes & Information
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