![]() ![]() In order to qualify for the PPP loan amount received, Rails Steakhouse LLC's 2019 payroll expenses are estimated to be at least $3.75M. On the PPP application, Rails Steakhouse LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Rails Steakhouse LLC in Towaco, 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, Rails Steakhouse LLC's 2019 payroll expenses are estimated to be at least $5.03M.īased on their reported 80 jobs retained, this equals an estimated average yearly compensation of $62,910 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). 'POPUP' to > (973) 846-5750 Rails Events page > Rails Steakhouse 10 Whitehall Rd., Towaco, NJ Ranked one of the top 20 steakhouses in New Jersey by NJ Monthly magazine April 2022.
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