In order to qualify for the PPP loan amount received, Ichiban Sushi Enterprises Inc's 2019 payroll expenses are estimated to be at least $273,715. On the PPP application, Ichiban Sushi Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Ichiban Sushi Enterprises Inc in Plainsboro, NJīased 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, Ichiban Sushi Enterprises Inc's 2019 payroll expenses are estimated to be at least $383,208.īased on their reported 14 jobs retained, this equals an estimated average yearly compensation of $27,372 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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). Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. Plainsboro Township is a township in Middlesex County in the U.S.
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