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PPP Loan Data — SJS Hospitality LLC, Edgewater, NJ

SBA PPP loan data, payroll data, and salaries for SJS Hospitality LLC
NJ

SJS Hospitality LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Edgewater, NJ

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SJS Hospitality LLC is a limited liability company (LLC) located at 660 River Rd in Edgewater, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,795,069.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 270 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.8M

Jobs Retained:

270

Loan Approved:

2020-04-09

Lender:

PROMISEONE BANK

SJS Hospitality LLC received a Paycheck Protection Loan of $2.8M through PROMISEONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, SJS Hospitality LLC's total 2019 payroll expenses were approximately $13.42M in order to qualify for the PPP loan amount received.

Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $49,690 per employee1.

Because the loan received by SJS Hospitality LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - SJS Hospitality LLC in Edgewater, NJ

SJS Hospitality LLC
660 River Rd
Edgewater, NJ 7020

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NJ-09

Similar Companies near Edgewater

In the Edgewater area, 4 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 270) and received an average PPP loan of $878,138 (compared to this company's $2.8M).

Industry PPP Comparison Statistics

Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 92% lower than SJS Hospitality LLC's reported 270 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.8M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sjs-hospitality-llc-edgewater-nj