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PPP Loan Data — Shree Hari Grocery LLC, North Middletown, NJ

SBA PPP loan data, payroll data, and salaries for Shree Hari Grocery LLC
NJ

Shree Hari Grocery LLC

Entity: Limited Liability Company (LLC)

Industry: Supermarkets and Other Grocery (except Convenience) Stores

Location: North Middletown, NJ

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Shree Hari Grocery LLC is a limited liability company (LLC) located at 190 Bray Ave in North Middletown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,195.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3,195

Jobs Retained:

2

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Shree Hari Grocery LLC received a Paycheck Protection Loan of $3,195 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Shree Hari Grocery LLC's total 2019 payroll expenses were approximately $15,336 in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $7,668 per employee1.

Business Information - Shree Hari Grocery LLC in North Middletown, NJ

Shree Hari Grocery LLC
190 Bray Ave
North Middletown, NJ 7748

Business Industry

Supermarkets and Other Grocery (except Convenience) Stores (NAICS code 445110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-06

Similar Companies near North Middletown

In the North Middletown area, 5 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 2) and received an average PPP loan of $1,087,612 (compared to this company's $3,195).

Industry PPP Comparison Statistics

Nationwide, 18,654 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2,017,651,016.00 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 19 employees, 850% higher than Shree Hari Grocery LLC's reported 2 employees, and received an average PPP loan of $108,162, 3285% higher than this company's loan of $3,195.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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Source: www.federalpay.org/paycheck-protection-program/shree-hari-grocery-llc-north-middletown-nj