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PPP Loan Data — Zen Jp Corporation,
Santa Clara, CA
Zen Jp Corporation
Entity: Corporation
Industry: Full-Service Restaurants
Location: Santa Clara, CA
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Zen Jp Corporation is a corporation located at 246 Saratoga Ave in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $157,559.00 in March, 2021.
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PPP Loan Information
Loan #9084748509
Loan Size:
Jobs Retained:
24Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
MUFG Union Bank, National AssociationZen Jp Corporation in Santa Clara, CA received a Paycheck Protection Loan of $157,559 through MUFG Union Bank, National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Zen Jp Corporation's 2019 payroll expenses are estimated to be at least $756,283.
Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $31,512 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zen Jp Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $157,556
- Utilities: $1
Business Information - Zen Jp Corporation in Santa Clara, CA
246 Saratoga Ave
Santa Clara, CA 95050
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Clara
In the Santa Clara area, 174 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 24) and received an average PPP loan of $154,941 (compared to this company's $157,559).
Similar Nearby Businesses Who Received PPP Funding:
Ramiz Avdic
Santa Clara, CA
SRI Ganesha Food Services LLC
Santa Clara, CA
MHS Supply Corp
Santa Clara, CA
Willard Hicks Morgan Hill LP
Santa Clara, CA
L And L Entertainment LLC
Santa Clara, CA
Ruby Thai Valley Fair LLC
Santa Clara, CA
1 Restaurant
Santa Clara, CA
MG Group Enterprises Inc
Santa Clara, CA
DCK & K Inc
Santa Clara, CA
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B 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, 8% lower than Zen Jp Corporation's reported 24 employees, and received an average PPP loan of $130,209, 17% lower than this company's loan of $157,559.
Zen Jp Corporation
Entity: Corporation
Industry: Unclassified Establishments
Location: Santa Clara, CA
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Zen Jp Corporation is a corporation located at 246 Saratoga Ave in Santa Clara, California that received a Coronavirus-related PPP loan from the SBA of $112,542.00 in May, 2020.
$
PPP Loan Information
Loan #9974637702
Loan Size:
Jobs Retained:
10Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
MUFG Union Bank, National AssociationZen Jp Corporation in Santa Clara, CA received a Paycheck Protection Loan of $112,542 through MUFG Union Bank, National Association, 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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Zen Jp Corporation's 2019 payroll expenses are estimated to be at least $540,202.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $54,020 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zen Jp Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $112,542
Business Information - Zen Jp Corporation in Santa Clara, CA
246 Saratoga Ave
Santa Clara, CA 95050
Business Industry:
Unclassified Establishments
NAICS code 999990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Santa Clara
In the Santa Clara area, 53 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 10) and received an average PPP loan of $45,996 (compared to this company's $112,542).
Similar Nearby Businesses Who Received PPP Funding:
Sway Tea USA
Santa Clara, CA
Ashromy Inc
Santa Clara, CA
Camino Zazang Inc
Santa Clara, CA
Fajie MA
Santa Clara, CA
Tlco 18 LLC
Santa Clara, CA
CY City Blg, Inc
Santa Clara, CA
Sanjo Topps Corporation
Santa Clara, CA
Pptn Inc
Santa Clara, CA
SJK Group, Inc
Santa Clara, CA
Industry PPP Comparison Statistics
Nationwide, 85,578 businesses in the "Unclassified Establishments" industry received a total of $3.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, the same amount reported by Zen Jp Corporation and received an average PPP loan of $42,861, 62% lower than this company's loan of $112,542.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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