PPP Loan Data — The Beverage Works NY, Inc, Holmdel, NJ
The Beverage Works NY, Inc
Entity: Subchapter S Corporation
Location: Holmdel, NJTweet This • Search All PPP Data
The Beverage Works NY, Inc is a subchapter s corporation located at 101 Crawfords Corner Road, Suite 2301 in Holmdel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,087,197.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
The Beverage Works NY, Inc received a Paycheck Protection Loan of $4.09M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Beverage Works NY, Inc's total 2019 payroll expenses were approximately $19.62M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $65,395 per employee1.
Business Information - The Beverage Works NY, Inc in Holmdel, NJ
101 Crawfords Corner Road, Suite 2301
Holmdel, NJ 7733
Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-04
Similar Companies near Holmdel
In the Holmdel area, 2 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 300) and received an average PPP loan of $2,078,086 (compared to this company's $4.09M).
Similar Nearby Businesses Who Received PPP Funding:
Kimshe International Grain And Feed LLC
Industry PPP Comparison Statistics
Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 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 10 employees, 97% lower than The Beverage Works NY, Inc's reported 300 employees, and received an average PPP loan of $108,082, 97% lower than this company's loan of $4.09M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!