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PPP Loan Data — ABA Transportation Corp, North Bergen, NJ

SBA PPP loan data, payroll data, and salaries for ABA Transportation Corp
NJ

ABA Transportation Corp

Entity: Corporation

Industry: All Other Support Activities for Transportation

Location: North Bergen, NJ

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ABA Transportation Corp is a corporation located in North Bergen, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,742.00 in June, 2020.

$ PPP Loan Information
Loan #7806167803

Loan Size:

$5,742

Jobs Retained:

1

Loan Approved:

2020-06-04

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

ABA Transportation Corp in North Bergen, NJ received a Paycheck Protection Loan of $5,742 through Bank of America, National Association, which was approved in June, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, ABA Transportation Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,742

Business Information - ABA Transportation Corp in North Bergen, NJ

ABA Transportation Corp
North Bergen, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Support Activities for Transportation
NAICS code 488999

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hudson County, NJ — SBA Office 0299 — Congressional District: NJ-08

Similar Companies near North Bergen

In the North Bergen area, 11 businesses in the "All Other Support Activities for Transportation" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 1) and received an average PPP loan of $452,096 (compared to this company's $5,742).

Industry PPP Comparison Statistics

Nationwide, 18,319 businesses in the "All Other Support Activities for Transportation" industry received a total of $756.38M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 500% higher than ABA Transportation Corp's reported 1 employees, and received an average PPP loan of $41,289, 619% higher than this company's loan of $5,742.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/aba-transportation-corp-north-bergen-nj