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PPP Loan Data — Advanced Science & Technologies, LLC, Berlin, NJ

SBA PPP loan data, payroll data, and salaries for Advanced Science & Technologies, LLC
NJ

Advanced Science & Technologies, LLC

Entity: Limited Liability Company (LLC)

Industry: Computer Systems Design Services

Location: Berlin, NJ

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Advanced Science & Technologies, LLC is a limited liability company (LLC) located at 20 East Taunton Rd in Berlin, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,648,277.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 230 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.65M

Jobs Retained:

230

Loan Approved:

2020-04-10

Lender:

TD BANK, NATIONAL ASSOCIATION

Advanced Science & Technologies, LLC in Berlin, NJ received a Paycheck Protection Loan of $4.65M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Advanced Science & Technologies, LLC's total 2019 payroll expenses were approximately $22.31M in order to qualify for the PPP loan amount received.

Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $97,008 per employee1.

Because the loan received by Advanced Science & Technologies, LLC 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 - Advanced Science & Technologies, LLC in Berlin, NJ

Advanced Science & Technologies, LLC
20 East Taunton Rd
Berlin, NJ 08009

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NJ-01

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, 96% lower than Advanced Science & Technologies, LLC's reported 230 employees, and received an average PPP loan of $181,408, 96% lower than this company's loan of $4.65M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/advanced-science-and-technologies-llc-berlin-nj