PPP Loan Data — American Maritime Services Of NJ, Inc, Woodbridge, NJ
American Maritime Services Of NJ, Inc
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Woodbridge, NJTweet This • Search All PPP Data
American Maritime Services Of NJ, Inc is a corporation located at 1 Pennval Rd in Woodbridge, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,330,598.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 320 people during the applicable loan loan period.
$ PPP Loan Information
Lender:1ST CONSTITUTION BANK
American Maritime Services Of NJ, Inc received a Paycheck Protection Loan of $4.33M through 1ST CONSTITUTION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Maritime Services Of NJ, Inc's total 2019 payroll expenses were approximately $20.79M in order to qualify for the PPP loan amount received.
Based on their reported 320 jobs retained, this equals an estimated average yearly compensation of $64,959 per employee1.
Business Information - American Maritime Services Of NJ, Inc in Woodbridge, NJ
1 Pennval Rd
Woodbridge, NJ 7095
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NJ-06
Industry PPP Comparison Statistics
Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, 97% lower than American Maritime Services Of NJ, Inc's reported 320 employees, and received an average PPP loan of $128,211, 97% lower than this company's loan of $4.33M.
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.
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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