PPP Loan Data — Bihler Of America Inc., Phillipsburg, NJ
Bihler Of America Inc. is a corporation located at 85 Industrial Road in Phillipsburg, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,992,680.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 307 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Bihler Of America Inc. received a Paycheck Protection Loan of $3.99M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bihler Of America Inc.'s total 2019 payroll expenses were approximately $19.16M in order to qualify for the PPP loan amount received.
Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $62,426 per employee1.
Business Information - Bihler Of America Inc. in Phillipsburg, NJ
85 Industrial Road
Phillipsburg, NJ 8865
Boat Dealers (NAICS code 441222)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: NJ-07
Industry PPP Comparison Statistics
Nationwide, 2,893 businesses in the "Boat Dealers" industry received a total of $278,212,273.00 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 9 employees, 97% lower than Bihler Of America Inc.'s reported 307 employees, and received an average PPP loan of $96,167, 98% lower than this company's loan of $3.99M.
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!