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PPP Loan Data — Twin Diamond Operator LLC, Holmdel, NJ

SBA PPP loan data, payroll data, and salaries for Twin Diamond Operator LLC
NJ

Twin Diamond Operator LLC

Entity: Limited Liability Company (LLC)

Industry: Assisted Living Facilities for the Elderly

Location: Holmdel, NJ

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Twin Diamond Operator LLC is a limited liability company (LLC) located at 101 Crawfords Corner Rd in Holmdel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,461,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

401

Loan Approved:

2020-04-09

Lender:

CIBC BANK USA

Twin Diamond Operator LLC in Holmdel, NJ received a Paycheck Protection Loan of $2.46M through CIBC BANK USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Twin Diamond Operator LLC's total 2019 payroll expenses were approximately $11.81M in order to qualify for the PPP loan amount received.

Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $29,463 per employee1.

Because the loan received by Twin Diamond Operator 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 - Twin Diamond Operator LLC in Holmdel, NJ

Twin Diamond Operator LLC
101 Crawfords Corner Rd
Holmdel, NJ 07733

Business Industry

Assisted Living Facilities for the Elderly (NAICS code 623312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-04

Similar Companies near Holmdel

In the Holmdel area, 2 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 253 employees (compared to this company's 401) and received an average PPP loan of $1,700,765 (compared to this company's $2.46M).

Similar Nearby Businesses Who Received PPP Funding:

TRC Realty Corporation
Keansburg, NJ

$940,130 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,544 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1,444,187,946.00 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 32 employees, 92% lower than Twin Diamond Operator LLC's reported 401 employees, and received an average PPP loan of $220,689, 91% lower than this company's loan of $2.46M.

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, 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/twin-diamond-operator-llc-holmdel-nj