PPP Loan Data — Aaron And Company Inc, Piscataway, NJ
Aaron And Company Inc
Location: Piscataway, NJTweet This • Search All PPP Data
Aaron And Company Inc is a corporation located at 30 Turner Place in Piscataway, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,258,402.00 in April, 2020.
$ PPP Loan Information
Lender:SANTANDER BANK, NATIONAL ASSOCIATION
Aaron And Company Inc in Piscataway, NJ received a Paycheck Protection Loan of $3.26M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aaron And Company Inc's total 2019 payroll expenses were approximately $15.64M in order to qualify for the PPP loan amount received.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $65,168 per employee1.
Business Information - Aaron And Company Inc in Piscataway, NJ
30 Turner Place
Piscataway, NJ 08854
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-06
Similar Companies near Piscataway
In the Piscataway area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 240) and received an average PPP loan of $1,639,029 (compared to this company's $3.26M).
Similar Nearby Businesses Who Received PPP Funding:
Frank Magrosky Plumbing And Heating
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 93% lower than Aaron And Company Inc's reported 240 employees, and received an average PPP loan of $247,578, 92% lower than this company's loan of $3.26M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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