PPP Loan Data — Archer & Greiner PC, Haddonfield, NJ
Archer & Greiner PC is a corporation located at One Centennial Square in Haddonfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,808,228.00 in April, 2020.
$ PPP Loan Information
Lender:FULTON BANK, NATIONAL ASSOCIATION
Archer & Greiner PC received a Paycheck Protection Loan of $5.81M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Archer & Greiner PC's total 2019 payroll expenses were approximately $27.88M in order to qualify for the PPP loan amount received.
Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $84,483 per employee1.
Business Information - Archer & Greiner PC in Haddonfield, NJ
One Centennial Square
Haddonfield, NJ 8033
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-01
Similar Companies near Haddonfield
In the Haddonfield area, 93 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 330) and received an average PPP loan of $167,101 (compared to this company's $5.81M).
Similar Nearby Businesses Who Received PPP Funding:
Kulzer & Dipadova P A
Forkin, Mcshane, Manos & Rotz, PA
Cherry Hill, NJ
Del Duca Lewis LLC
Thomas Paschos & Associates, PC
Aita Law LLC
Cahill, Wilinski, Rhodes & Joyce, PC
Law Office Of Laura L Ergood, LLC
Cherry Hill, NJ
Morgan And Morgan, PC
Cherry Hill, NJ
David A Avedissian Esquire LLC
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Archer & Greiner PC's reported 330 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.81M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!