PPP Loan Data — Adroit Associates, Inc., Iselin, NJ
Adroit Associates, Inc. is a corporation located at 100 Wood Ave in Iselin, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,661,017.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 208 people during the applicable loan loan period.
$ PPP Loan Information
Adroit Associates, Inc. in Iselin, NJ received a Paycheck Protection Loan of $3.66M through MANASQUAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adroit Associates, Inc.'s total 2019 payroll expenses were approximately $17.57M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $84,485 per employee1.
Business Information - Adroit Associates, Inc. in Iselin, NJ
100 Wood Ave
Iselin, NJ 08830
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: NJ-06
Similar Companies near Iselin
In the Iselin area, 31 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 208) and received an average PPP loan of $653,288 (compared to this company's $3.66M).
Similar Nearby Businesses Who Received PPP Funding:
Inspirion Technologies Inc
Facile Soft Solutions Inc
Monroe Township, NJ
Shri Sai Tech LLC
Rubik Solutions Inc
Monroe Township, NJ
Krish Compusoft Services Inc
Xchange Software Inc
Invictus Infotech LLC
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than Adroit Associates, Inc.'s reported 208 employees, and received an average PPP loan of $181,408, 95% lower than this company's loan of $3.66M.
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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