PPP Loan Data — Toli Management Corp, Melville, NY
Toli Management Corp is a corporation located at 510 Broad Hollow Rd, Ste 304 in Melville, New York that received a Coronavirus-related PPP loan from the SBA of $3,002,100.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Toli Management Corp in Melville, NY received a Paycheck Protection Loan of $3M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Toli Management Corp's total 2019 payroll expenses were approximately $14.41M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $28,820 per employee1.
Business Information - Toli Management Corp in Melville, NY
510 Broad Hollow Rd, Ste 304
Melville, NY 11747
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-03
Similar Companies near Melville
In the Melville area, 31 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 500) and received an average PPP loan of $430,960 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Grand Street Food Corp
New China Delight Kitchen Inc
Huntington Station, NY
Kaufman Enterprises LLC
Huntington Station, NY
Goodman Group Restaurants Inc
D & S Bellmore Inc
La Carretta Restaurant & Pizzeria Corp.
Melville Products Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Toli Management Corp's reported 500 employees, and received an average PPP loan of $120,904, 96% lower than this company's loan of $3M.
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Footnotes & Information
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