PPP Loan Data — Brucker & Associates, Inc, Mickleton, NJ
Brucker & Associates, Inc is a corporation located at 24 Gaunt Dr in Mickleton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
Brucker & Associates, Inc in Mickleton, NJ received a Paycheck Protection Loan of $25,000 through Fulton Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Brucker & Associates, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brucker & Associates, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Brucker & Associates, Inc in Mickleton, NJ
24 Gaunt Dr
Mickleton, NJ 8056
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mickleton
In the Mickleton area, 26 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $85,566 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Organized Purchasing Alliance, LLC
Consortium Networks LLC
Webbed Solutions Inc
Task Force One, Inc
Passariello Management Inc
Precision Consulting Associates, Inc
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 100% higher than Brucker & Associates, Inc's reported 2 employees, and received an average PPP loan of $44,524, 78% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!