PPP Loan Data — SJS Hospitality LLC, Edgewater, NJ
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
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.
Business Information - SJS Hospitality LLC in Edgewater, NJ
660 River Rd
Edgewater, NJ 7020
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Rockaway Hotel LLC
Welcome Edgewater Limited Liability Company
Binghamton Motor Inn Corp
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.
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Footnotes & Information
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