Point Pleasant Coronavirus PPP Loans: Jenkinson's, Others Helped

Point Pleasant NJ

09 July, 2020

1:04 PM

Description

POINT PLEASANT – The U.S. Small Business Administration and U.S. Treasury released details of the country's massive Paycheck Protection Program that helped 54 Point Pleasant area businesses affected by the coronavirus pandemic. Those businesses included Jenkinson's and Brave New World (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 Point Pleasant area list, and the number of jobs that the money is supposed to account for: $2-5 million CHEFS INTERNATIONAL INC, POINT PLEASANT BEACH 500$1-2 million JENKINSONS PAVILION INC, POINT PLEASANT BEACH 332JENKINSONS SOUTH INC, POINT PLEASANT BEACH 147TOM HASSEL TRANSPORT INC., POINT PLEASANT BEACH $350,000-1 million ADVANCED SPINE AND SPORTS MEDICINE, POINT PLEASANT BEACH 48BRAVE NEW WORLD INC, POINT PLEASANT BEACH 75BRIGGS TRANSPORTATION LLC, POINT PLEASANT BEACH MARTELL'S TIKI BAR, INC., POINT PLEASANT BEACH 30NIGEO CORP, POINT PLEASANT BEACH 76PATRICIA C. MCCORMACK, MD, PC, POINT PLEASANT BEACH 32PINNACLE COMMERCIAL DEVELOPMENT INC, POINT PLEASANT BEACH 56R. POPOVITCH BUILDERS, INC., POINT PLEASANT BEACH 38R.T. REAL ESTATE AGENCY, INC., POINT PLEASANT BEACH 68ROSS ALBER, POINT PLEASANT BEACH 22VELTRI AND ASSOCIATES CORPORATION, POINT PLEASANT BEACH 8ALTEC ELECTRICAL CORPORATION, POINT PLEASANT BORO 75B.R.B CERAMIC TILE MARBLE & STONE, INC., POINT PLEASANT BORO 16JOELEON, INC., POINT PLEASANT BORO 157M. E. SABOSKI ASSOCIATES, INC, POINT PLEASANT BORO 20PROPERTY TRANSFER SERVICES INC., POINT PLEASANT BORO 24WEISLEDER INC DBA, POINT PLEASANT BORO 58WHITMAN CONSTRUCTION LLC, POINT PLEASANT BORO 32RICCIARDI BROTHERS JERSEY SHORE. COR-SBA SMALL 7A TERM, POINT PLEASANT 0$150,000-350,000 1106 OCEAN AVENUE INC, POINT PLEASANT BEACH 30414 RICHMOND INC, POINT PLEASANT BEACH 500B2 OPCO POINT, LLC, POINT PLEASANT BEACH 51CLARK'S LANDING MARINA OPERATIONS INC, POINT PLEASANT BEACH 16CLARKS LANDING CATERERS LLC, POINT PLEASANT BEACH 23DEVOTED CONTRACTORS LLC, POINT PLEASANT BEACH 12GARDEN STATE YACHT SALES LLC, POINT PLEASANT BEACH 15INTERIM HEALTHCARE, POINT PLEASANT BEACH 33JOR MAR INC, POINT PLEASANT BEACH 0LAND-LINK TRAFFIC SYSTEMS, POINT PLEASANT BEACH 16M KOGAN CONSULTING INC, POINT PLEASANT BEACH 16MASTROJOHN AUTO SERVICE INC, POINT PLEASANT BEACH 10POINT LOBSTER CO INC, POINT PLEASANT BEACH 20SHORE FRESH SEAFOOD MARKET, POINT PLEASANT BEACH 24SHORE SPINE CTR & PHYSICAL REHAB PC, POINT PLEASANT BEACH 39SPRING LAKE BANQUET OPERATIONS LLC, POINT PLEASANT BEACH 19ST. PETERS CATHOLIC CHURCH, POINT PLEASANT BEACH 29VILLANI & DELUCA PC, POINT PLEASANT BEACH 12DEFELICE OF POINT PLEASANT INC., POINT PLEASANT BORO LENNY'S COLONIAL RANCH MARKET, INC, POINT PLEASANT BORO 60BORO RIVER GROUP, LLC, POINT PLEASANT 114FDCH LLC, POINT PLEASANT 40HEALTH4HOME, LLC, POINT PLEASANT 8MIANA PROPERTIES LLC, POINT PLEASANT 10MILLER DEVRO & ASSOCIATES, POINT PLEASANT 15NETWAVE INTERACTIVE MARKETING INC, POINT PLEASANT 16PHAROS CONTRACTING CO., INC., POINT PLEASANT 10RICHARDS SALES & RENTALS CENTER INC, POINT PLEASANT 15SCHRADER YACHT SALES INC, POINT PLEASANT 13SCHULER ROOFING & SIDING INC, POINT PLEASANT 10TRAVELSMITHS INC, POINT PLEASANT 21