These Millburn/Short Hills Businesses Got Coronavirus PPP Loans
MILLBURN, NJ — The U.S. Small Business Administration and U.S. Treasury released details this week of the country’s massive Paycheck Protection Program that helped New Jersey businesses affected by the coronavirus pandemic (see lists below for Millburn and Short Hills).
PPP loans have an interest rate of 1 percent and can be fully forgiven if they are used for payroll costs, rent, and other items.
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. Loans over $150,000 account for about 925,000 jobs.
Loans to New Jersey businesses ran the gamut and included higher education institutions, private schools, manufacturers, car washes, real estate agent companies and non-profits.
Jenkinson's in Point Pleasant Beach got between $1 million and $2 million. Care Plus NJ in Paramus received between $5 million and $10 million, which helped support 401 jobs, according to the SBA data. The Dwight-Englewood School got between $2 million and $5 million, which helped support 304 jobs. High Grade Beverage in North Brunswick got a loan between $2 million and $ 5 million, which helped support 258 jobs.
Here are the lists of Millburn and Short Hills businesses on the overall NJ list, including some schools, restaurants, and religious congregations.
Short Hills businesses were listed separately on the state list.
Millburn
ELIE TAHARI LTD.
PAPER MILL PLAYHOUSE
ACRES LAND TITLE AGENCY, INC.
BY QUEST, LLC
ADVANCED COMPREHENSIVE LABORATORY LLC DB A TOPLAB
COUNTRY CLUB SERVICES INC
DIAMOND INSTITUTE FOR INFERTILITY, P.A
DOLCE SALON LLC
FIDELCO MANAGEMENT SERVICES LLC
GRAFAS PAINTING CONTRACTORS IN
HOLISTIC DENTAL CENTER, LLC
I & S INVESTMENT MANAGEMENT LLC
LARRY GRUENWALD & ANN MARIE COMANDATORE MD FAAP
LIONS ENVIRONMENTAL SERVICES, INC.
MURRAY CONSTRUCTION CO., INC.
SKYTOP GARDENS
SZERLIP & CO., INC.
TANGO DICKINSON LORENZO MCDERMOTT
3 GIGIONI INC
AMG ENTERPRISES GROUP
ASSOCIATES IN INTERNAL MEDICINE & NEPHRO
ASSOCIATES IN PRIMARY CARE P A
ATLANTIS HEALTHCARE USA
BEHRMAN HOUSE, INC.
CASEY & KELLER INC
CONGREGATION B'NAI ISRAEL
CORNELL MEDCLAIM INC
CROSS RESEARCH LLC
DENTAL GROUP OF MILLBURN, P.A.
ELITE CATERERS LLC
FOOTNOTES, INC.
GARDEN STATE BARIATRICS & WELLNESS CENTER
GLASSMANN BLAKE INC.
HASAN CHUNG, DDS, PA
HOXIE & ASSOCIATES LLC
LAKE EQUIPMENT LEASING, INC
LEGAL ASSISTANCE CAPITAL MANAGEMENT LLC
LIV BREADS MILLBURN LLC
MILLBURN PEDIATRICS PA
N.B. HOME IMPROVEMENTS, LLC
NO FLUKE INC
NORALPH, INC
PAIN MEDICINE PHYSICIANS LLC
POSITIVE DEVELOPMENTS LLC
RC HAIR AND NAILS INC
SMK, LLC
ST STEPHENS CHURCH
STARCOM RACING, LLC
Short Hills
BLUE OCEAN BROKERAGE LLC
BOMBA RESTO, LLC DBA SCAMPI
CONGREGATION B'NAI JESHURUN
HAMMER BEDDING CORPORATION
NAGI CONSTRUCTION CO., INC
NEWMARK NJ LLC
ST ROSE OF LIMA CHURCH & ACADEMY
STUDIO 1200 LLC
THE CHRISTOPHER REEVE FOUNDATION
THE COULTER PARTNERSHIP INC
THE WINSTON SCHOOL
VERTICAL RELEVANCE INC
ADVANCED PERFORMANCE & REHAB
CHANSON 23RD STREET LLC
CHRIST CHURCH IN SHORT HILLS
CRIMKAV CORPORATION
DERMATOLOGY CONSULTANTS OF MILLBURN
EXXAT, LLC
J.D. FITNESS INC
MARAZITI FALCON, LLP
MOXIE COMMUNICATIONS GROUP, INC
NDRB MANAGEMENT CONSULTANTS INC
OTAKAR R HUBSCHMANN MD PA
RELATIONSHIP CAPITAL PARTNERS, INC.
SARENAC EMERGENCY ASSOCIATES
SHEHADEH MD PA
SPIRO LAW LLC
THE GREENWOOD GARDENS
VITREOUS RETINA MACULA SPECIALISTS OF NJ
WEINSTEIN LINDEMANN & WEINSTEIN
WILLIAMS LAW GROUP, LLC
YB FITNESS LLC
A number of businesses are now reporting that the list, in certain instances, 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.
To use the searchable database of New Jersey loans over $150,000, click this story and scroll to the bottom.
Got news? Email caren.lissner@patch.com. To keep up with breaking news in your town and statewide when it happens, and get a free local newsletter each morning, sign up for Patch breaking news alerts and daily newsletters.
This article originally appeared on the Millburn-Short Hills Patch
