PPP Loan Data — QQR,LLC, Edison, NJ
QQR,LLC is a limited liability company (LLC) located at 2 Ethel Rd Suite 205a in Edison, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,155,142.00 in April, 2020. This business is a Burger King franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
QQR,LLC in Edison, NJ received a Paycheck Protection Loan of $2.16M through TD Bank, National Association, which was approved in April, 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, QQR,LLC's 2019 payroll expenses are estimated to be at least $10.34M.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $22,010 per employee1
Reported PPP Proceed Usage:
On the PPP application, QQR,LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,155,142
Business Information - QQR,LLC in Edison, NJ
2 Ethel Rd Suite 205a
Edison, NJ 8817
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 Edison
In the Edison area, 82 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 470) and received an average PPP loan of $103,731 (compared to this company's $2.16M).
Similar Nearby Businesses Who Received PPP Funding:
QSC. II Enterprises, Inc
QSC III Enterprises, Inc
East Brunswick, NJ
Kings Village Nj02 LLC
KKC Food Inc
Texas Englishtown LLC
1201 Victory LLC
Hylan Naughton 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, 96% lower than QQR,LLC's reported 470 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $2.16M.
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Footnotes & Information
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