PPP Loan Data — Advanced Science & Technologies, LLC, Berlin, NJ
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
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.
Business Information - Advanced Science & Technologies, LLC in Berlin, NJ
20 East Taunton Rd
Berlin, NJ 08009
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!