Manasquan Coronavirus PPP Loans: Squan Tavern, Others Get Help
MANASQUAN – The U.S. Small Business Administration and U.S. Treasury released details of the country's massive Paycheck Protection Program that helped 68 Manasquan businesses affected by the coronavirus pandemic. Those businesses included Squan Tavern 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 Manasquan list, and the number of jobs that the money is supposed to account for:
$2-5 million
ORTHOPAEDIC INSTITUTE OF CENTER JERSEY, P.A., MANASQUAN 128
RENEE SYSTEMS, INC, MANASQUAN 144
WINSTON FINANCIAL SVS.,INC., MANASQUAN 160
$1-2 million
ORCHARD HOLDINGS LLC, MANASQUAN 42
PL CUSTOM BODY & EQUIPMENT CO, INC, MANASQUAN
SAVVY IT GROUP, MANASQUAN 122
THE ATLANTIC CLUB, INC., MANASQUAN 256
$350,000-1 million
BRINKERHOFF ENVIRONMENTAL SERVICES INC., MANASQUAN 44
CHANNEL METHODS PARTNERS, LLC, MANASQUAN 38
CONOVER BEYER ASSOCIATES, INC., MANASQUAN 41
DESIGN 446 INC, MANASQUAN 36
ENVISION INNOVATIVE SOLUTIONS INC, MANASQUAN 58
GAMMON TECHNICAL PRODUCTS, INC, MANASQUAN 54
GREEN WAY DEMOLITION, MANASQUAN 9
INSHORE ATLANTIC, INC., MANASQUAN 107
MERIDIAN LABORATORY PHYSICIANS, MANASQUAN
NORRIS INSULATION INC, MANASQUAN 45
PREMIER AUTO MOTORS, LLC, MANASQUAN
RUDOLPH & KAYAL COUNSELLORS AT LAW PA, MANASQUAN 0
SCHOFIELD TRANSPORT INC., MANASQUAN 65
SMART CARPET INC, MANASQUAN 49
SQUAN RIVER GROUP, LLC, MANASQUAN 92
UPFRO ASSOCIATES INC, MANASQUAN 112
WITTICH BROS. MARINE, INC., MANASQUAN 20
$150,000-350,000
AC CONSTRUCTION, MANASQUAN 8
AG ELECTRIC INC., MANASQUAN 9
ALGONQUIN ARTS, A NEW JERSEY NONPROFIT CORPORATION, MANASQUAN 12
ALL-STAR PLUMBING & HEATING, INC., MANASQUAN 15
AQUA-LAND POOLS, INC., MANASQUAN
ASSET SOLUTION RECOVERY LLC, MANASQUAN 28
ATLANTIC MEDICINE AND WELLNESS, MANASQUAN 25
BPI-BOH, LLC, MANASQUAN 16
BRIELLE OBSTETRICS AND GYNECOLOGY, PA, MANASQUAN 32
CAMOOSO INSULATION LLC, MANASQUAN 35
CENTRAL GC, MANASQUAN 12
COAST STAR INC., MANASQUAN 33
CRUZ CONCRETE AND GUNITING REPAIR, INC., MANASQUAN 12
DAMIANO CORP OF BAYONNE, MANASQUAN 43
DEARBORN BUILDERS, INC., MANASQUAN 16
DELAIRE USA INC, MANASQUAN 25
DRIFTWOOD HOSPITALITY GROUP, LLC, MANASQUAN 70
EPIC GYMNASTICS LLC, MANASQUAN
FOSTER MANAGEMENT GROUP LLC, MANASQUAN 13
GARON PRODUCTS, INC., MANASQUAN 10
GHWBB, LLC, MANASQUAN 11
GREEN LABEL TITLE, LLC, MANASQUAN 23
HAMMER LAND ENGINEERING LLC, MANASQUAN 11
HARBOR LIGHTS FINANCIAL GROUP, INC., MANASQUAN 16
JAYEFF CONSTRUCTION MANAGEMENT & CONSULTING CORP, MANASQUAN 18
JEMC CORP, MANASQUAN 35
KING, KITRICK, JACKSON, MCWEENEY & WELLS, LLC., MANASQUAN 15
LUFRANKTON LLC, MANASQUAN 19
MICRO IMAGE TECHNOLOGIES, INC., MANASQUAN 9
PADULA BUILDERS INC., MANASQUAN 16
PETORE ASSOCIATES, INC., MANASQUAN 35
PHOENIX PINELANDS CORP, MANASQUAN 10
PRO SOURCE PERFORMANCE PRODUCT INC, MANASQUAN 10
R & M GARDELLA INC, MANASQUAN 24
RMC ATM SOLUTIONS, MANASQUAN 0
SEA GIRT MEDICAL ASSOCIATES P.C., MANASQUAN 27
SECURITY2000, LLC, MANASQUAN 22
SILTON CORP, MANASQUAN 3
SMG HOLDINGS, LLC, MANASQUAN 11
SQUAN TAVERN, INC, MANASQUAN 48
SWM OFFSHORE LIMITED, MANASQUAN 15
TARALEX INC, MANASQUAN 15
VALUBER SECURITY, LLC, MANASQUAN 15
WORLD CT TRANSPORTATION, MANASQUAN 18
This article originally appeared on the Manasquan-Belmar Patch