PPP Loan Data — Twin Diamond Operator LLC, Holmdel, NJ
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
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.
Business Information - Twin Diamond Operator LLC in Holmdel, NJ
101 Crawfords Corner Rd
Holmdel, NJ 07733
Assisted Living Facilities for the Elderly (NAICS code 623312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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