Asbury Park Coronavirus PPP Loans: McLoone's, Others Get Help

Asbury Park NJ

09 July, 2020

2:22 PM

Description

ASBURY PARK – The U.S. Small Business Administration and U.S. Treasury released details of the country's massive Paycheck Protection Program that helped 54 Asbury Park businesses affected by the coronavirus pandemic. Those businesses included McLoone's and many others (see list below). More than 4.9 million loans over $150,000 were made to businesses and nonprofit organizations across the country; the total amount for approved loans over that amount was more than $521 billion. Around 22,000 businesses in New Jersey were approved for loans greater than $150,000. Read more: Coronavirus PPP Loans In NJ: Where The Money Went The list of the recipients is below, although a number of businesses are now reporting that the list contains "some big errors," according to CNBC. The loans are made by lending institutions including banks and credit unions and are guaranteed by the SBA. All PPP loans are subject to review by the SBA and all loans over $2 million are automatically reviewed by the SBA. "Because a borrower is listed in the data as having a PPP loan does not mean that SBA has determined that the borrower complied with program rules or is eligible to receive a PPP loan and loan forgiveness," the SBA said in a statement about the data release. The average size of a PPP loan is around $107,000 and 86.5 percent of all loans were for less than $150,000, according to the SBA. Here is the Asbury Park list, and the number of jobs that the money is supposed to account for: $5-10 million TFC PARTNERS INC., ASBURY PARK 500$1-2 million CENTRAL JERSEY URGENT CARE LLC, ASBURY PARK 195ENCON MECHANICAL CORPORATION, ASBURY PARK 86MADISON ASBURY RETAIL LLC, ASBURY PARK 300TTI OF USA INC., ASBURY PARK 84$350,000-1 million 601-603 LIQUOR LICENSE PARTNERSHIP, ASBURY PARK 86ABG LIQUOR HOLDINGS LLC, ASBURY PARK ALL OTHERS, ASBURY PARK 25AOC OP CO, LLC, ASBURY PARK 88AP RESTAURANT I LLC, ASBURY PARK 118ASBURY PUB LLC, ASBURY PARK 56CANADA DRY BOTTLING CO. OF ASBURY PARK, INC., ASBURY PARK 46COLLEGE ACHIEVE GREATER ASBURY PARK CHARTER SCHOOL, ASBURY PARK 57DAYTON GREY CORP, ASBURY PARK HEMMINGS AT ASBURY, LLC, ASBURY PARK 56KROSNEY BERG TALANSKY & TURTEL MDS PA, ASBURY PARK 36MCLOONE'S ASBURY PARK, LLC, ASBURY PARK 184OHANA KITSCHEN COMPANY, ASBURY PARK 53PORTA AT ASBURY, LLC, ASBURY PARK 121RENOVA ENVIRONMENTAL SERVICES, LLC, ASBURY PARK 28SEAVIEW AUTO, ASBURY PARK 44SI OP CO AP, LLC, ASBURY PARK 38SMITH MANAGEMENT GROUP LLC, ASBURY PARK 24SOLAR LANDSCAPE LLC, ASBURY PARK 0STEINBACH LIQUOR LICENSE LLC, ASBURY PARK TBD, INC., ASBURY PARK 75TIME AND SPACE SCENIC LLC, ASBURY PARK 2VNA OF CENTRAL JERSEY COMMUNITY HEALTH CENTER, ASBURY PARK 115 $150,000-350,000 1401 OCEAN LLC, ASBURY PARK 0A LITTLE CLASS INC, ASBURY PARK 31ADAPTING SOCIAL LLC, ASBURY PARK 20AMBROSE HOLDINGS INC., ASBURY PARK 25ANDREW GROSSMAN UPHOLSTERY LLC, ASBURY PARK 16BIG BROTHERS/BIG SISTERS OF COASTAL & NORTHERN NEW JERSEY, INC., ASBURY PARK 21BOND STREET BAR & GRILL LLC, ASBURY PARK 60BOOSKERDOO COFFEE LLC, ASBURY PARK 42BOYS AND GIRLS CLUB OF MONMOUTH COUNTY, ASBURY PARK 69COOKMAIN LLC, ASBURY PARK 14FLAWLESS BEAUTY LLC, ASBURY PARK 16GERMAN GARCIA CORP, ASBURY PARK 34GOLD CHRIS ASSOCIATES LLC, ASBURY PARK 35HOUSE OF INDEPENDENTS, LLC, ASBURY PARK INNOVATIVE GREEN TECHNOLOGIES LLC, ASBURY PARK 0INTERFAITH NEIGHBORS INC., ASBURY PARK 27JEWISH FAMILY & CHILDRENS SERVICE, ASBURY PARK 0MB MOTOR SPORTS LLC-SBA SMALL 7A TERM, ASBURY PARK 0MERCY CENTER CORPORATION, ASBURY PARK 21METZ CONNECT USA, INC., ASBURY PARK 17PHARMASOOD LLC, ASBURY PARK 0REUSSI MANAGEMENT LLC, ASBURY PARK 16SACKMAN ENTERPRISES OF NEW JERSEY, LLC, ASBURY PARK 20SUNNYFIELD CORP, ASBURY PARK 21THE CHURCH OF MOTHER OF MERCY, ASBURY DBA MT CALVARY CEMETERY, ASBURY PARK 34UNITED CLEANING CONTRACTORS, INC., ASBURY PARK 0