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PPP Loan Data — Apex Hopewell NJ LLC, Newark, NJ

SBA PPP loan data, payroll data, and salaries for Apex Hopewell NJ LLC
NJ

Apex Hopewell NJ LLC

Entity: Limited Liability Company (LLC)

Industry: Religious Organizations

Location: Newark, NJ

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Apex Hopewell NJ LLC is a limited liability company (LLC) located at 10 Hill St. in Newark, New Jersey that received a Coronavirus-related PPP loan from the SBA of $22,912.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$22,912

Jobs Retained:

3

Loan Approved:

2020-04-29

Lender:

HARVEST SMALL BUSINESS FINANCE, LLC

Apex Hopewell NJ LLC received a Paycheck Protection Loan of $22,912 through HARVEST SMALL BUSINESS FINANCE, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Apex Hopewell NJ LLC's total 2019 payroll expenses were approximately $109,978 in order to qualify for the PPP loan amount received.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $36,659 per employee1.

Business Information - Apex Hopewell NJ LLC in Newark, NJ

Apex Hopewell NJ LLC
10 Hill St.
Newark, NJ 7102

Business Industry

Religious Organizations (NAICS code 813110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-10

Similar Companies near Newark

In the Newark area, 17 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $515,611 (compared to this company's $22,912).

Industry PPP Comparison Statistics

Nationwide, 90,482 businesses in the "Religious Organizations" industry received a total of $7,309,297,472.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 267% higher than Apex Hopewell NJ LLC's reported 3 employees, and received an average PPP loan of $80,782, 253% higher than this company's loan of $22,912.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/apex-hopewell-nj-llc-newark-nj