PPP Loan Data — Yasam, Winslow, NJ
Yasam is a corporation located at 491 Williamstown Road in Winslow, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Centerstone SBA Lending, Inc.
Yasam in Winslow, NJ received a Paycheck Protection Loan of $25,400 through Centerstone SBA Lending, Inc., which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Yasam's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yasam reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,100
- Utilities: $300
- Rent: $5,000
Business Information - Yasam in Winslow, NJ
491 Williamstown Road
Winslow, NJ 8095
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Winslow
In the Winslow area, 40 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 8) and received an average PPP loan of $170,836 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Viet Pho LLC
Bismilla Restaurant LLC
AJ. Millers Pub House, Inc
New Hong Fang Cuisine Inc
Bourbon Street 1980 Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 175% higher than Yasam's reported 8 employees, and received an average PPP loan of $129,504, 410% higher than this company's loan of $25,400.
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Footnotes & Information
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