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PPP Loan Data — Above And Beyond - Business Tools And Services For Entrepren, Princeton, NJ

SBA PPP loan data, payroll data, and salaries for Above And Beyond - Business Tools And Services For Entrepren
NJ

Above And Beyond - Business Tools And Services For Entrepren

Entity: Corporation

Industry: Financial Transactions Processing, Reserve, and Clearinghouse Activities

Location: Princeton, NJ

Search All PPP Data

Above And Beyond - Business Tools And Services For Entrepren is a corporation located at 902 Carnegie Ctr in Princeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,550,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.55M

Jobs Retained:

500

Loan Approved:

2020-04-09

Lender:

RADIUS BANK

Above And Beyond - Business Tools And Services For Entrepren received a Paycheck Protection Loan of $6.55M through RADIUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Above And Beyond - Business Tools And Services For Entrepren's total 2019 payroll expenses were approximately $31.44M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $62,880 per employee1.

Because the loan received by Above And Beyond - Business Tools And Services For Entrepren is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Above And Beyond - Business Tools And Services For Entrepren in Princeton, NJ

Above And Beyond - Business Tools And Services For Entrepren
902 Carnegie Ctr
Princeton, NJ 8540

Business Industry

Financial Transactions Processing, Reserve, and Clearinghouse Activities (NAICS code 522320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-12

Similar Companies near Princeton

In the Princeton area, 2 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 500) and received an average PPP loan of $3,351,944 (compared to this company's $6.55M).

Similar Nearby Businesses Who Received PPP Funding:

Tallyx Inc
Princeton, NJ

$153,888 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,295 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a total of $244,861,474.00 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 8 employees, 98% lower than Above And Beyond - Business Tools And Services For Entrepren's reported 500 employees, and received an average PPP loan of $106,693, 98% lower than this company's loan of $6.55M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/above-and-beyond-business-tools-and-services-for-entrepren-princeton-nj