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). Managing Director, Chief Investment Officer Wachtel Capital Advisors, LLC 330 Changebridge Road, Suite 101. 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). 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.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. SES - Senior Executive Service Pay Calculatorįor Rails Steakhouse LLC, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator. ![]() Visit the Best of NJ Restaurant Directory to find other great eateries in your area. If you are interested in visiting Rails Steakhouse, make a reservation by calling 97. Rails is not only one of the best steakhouses in New Jersey it is also a nightlife destination, an educational center, and more. Plus, this top steakhouse also offers a classic raw bar for those wanting fresh seafood. You can also get appetizer selections including Neapolitan-style pizza from the wood-fired brick oven. Rails Steakhouse also offers other flavorful dishes like selections of fresh seafood and delicious salads. The beef at this steakhouse is classically prepared and broiled at 1,200 degrees. The restaurant offers a wide selection of cuts of dry aged steak, ranging from Porterhouse Steak to Bone-In Ribeye. Their beef is dry-aged 30 days to perfection for flavor and texture on premise in an exclusive dry aging room. Voted the #1 Steakhouse in Northern New Jersey and recipient of Wine Spectators Award of Excellence, Rails Steakhouse features USDA Prime and CAB corn-fed beef. After perusing the wine cellar for the perfect bottle to complement you dry aged steak dinner, dine al fresco in the outdoor Trackside or Vista Terrace! This passage takes you to the impressive wine cellar. Or you can stroll along the catwalk and explore Rafter’s Lounge at Rails Steakhouse.ĭescend to the basement of this steakhouse and raw bar, and you will find a secret passage. Guests are invited to unwind in leather captain’s chairs and couches arranged to inspire conversation in one of the three sprawling lounges. In rooms where sprawling timber meets natural stonewalls, accents of glass showcase fire and water features. This is where great food is complemented by an approachable, attentive, and knowledgeable staff. Here, you’ll find one of the best wine lists in Morris County, as well as delicious dry aged steak, and even an affordable raw bar. ![]() As one of the best steakhouses in New Jersey, Rails offers an engaging ambiance and lively environment. ![]() Rails Steakhouse lets diners experience the art of seasonal cooking and attention to detail.
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