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PPP Loan Data — Chasan Lamparello Mallon & Cappuzzo PC, Secaucus, NJ

ALERT: There are 2 PPP loans for a total of $3.28M in our database for businesses with the name "Chasan Lamparello Mallon & Cappuzzo PC" in Secaucus, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Chasan Lamparello Mallon & Cappuzzo PC
NJ

Chasan Lamparello Mallon & Cappuzzo PC

Entity: Corporation

Industry: Offices of Lawyers

Location: Secaucus, NJ

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Chasan Lamparello Mallon & Cappuzzo PC is a corporation located at 300 Lighting Way Ste 200 in Secaucus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,622,328.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 79 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3232508600

Loan Size:

$1.62M

Jobs Retained:

79

Loan Approved:

2021-03-16

Loan Status:

Ongoing Loan

Lender:

Haven Savings Bank

Chasan Lamparello Mallon & Cappuzzo PC in Secaucus, NJ received a Paycheck Protection Loan of $1.62M through Haven Savings Bank, which was approved in March, 2021.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Chasan Lamparello Mallon & Cappuzzo PC's 2019 payroll expenses are estimated to be at least $7.79M.

Based on their reported 79 jobs retained, this equals an estimated average yearly compensation of $98,572 per employee1

Reported PPP Proceed Usage:

On the PPP application, Chasan Lamparello Mallon & Cappuzzo PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,622,325
  • Utilities: $1

Business Information - Chasan Lamparello Mallon & Cappuzzo PC in Secaucus, NJ

Chasan Lamparello Mallon & Cappuzzo PC
300 Lighting Way Ste 200
Secaucus, NJ 7094

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hudson County, NJ — SBA Office 0299 — Congressional District: NJ-09

Similar Companies near Secaucus

In the Secaucus area, 87 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 79) and received an average PPP loan of $147,082 (compared to this company's $1.62M).

Industry PPP Comparison Statistics

Nationwide, 198,302 businesses in the "Offices of Lawyers" industry received a total of $16.3B 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, 92% lower than Chasan Lamparello Mallon & Cappuzzo PC's reported 79 employees, and received an average PPP loan of $82,210, 95% lower than this company's loan of $1.62M.

SBA PPP loan data, payroll data, and salaries for Chasan Lamparello Mallon & Cappuzzo, PC
NJ

Chasan Lamparello Mallon & Cappuzzo, PC

Entity: Corporation

Industry: Offices of Lawyers

Location: Secaucus, NJ

Search All PPP Data

Chasan Lamparello Mallon & Cappuzzo, PC is a corporation located at 300 Lighting Way, Suite 200 in Secaucus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,652,700.00 in April, 2020.

$ PPP Loan Information
Loan #4759567002

Loan Size:

$1.65M

Jobs Retained:

83

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

Haven Savings Bank

Chasan Lamparello Mallon & Cappuzzo, PC in Secaucus, NJ received a Paycheck Protection Loan of $1.65M through Haven Savings Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Chasan Lamparello Mallon & Cappuzzo, PC's 2019 payroll expenses are estimated to be at least $7.93M.

Based on their reported 83 jobs retained, this equals an estimated average yearly compensation of $95,578 per employee1

Reported PPP Proceed Usage:

On the PPP application, Chasan Lamparello Mallon & Cappuzzo, PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,652,700

Business Information - Chasan Lamparello Mallon & Cappuzzo, PC in Secaucus, NJ

Chasan Lamparello Mallon & Cappuzzo, PC
300 Lighting Way, Suite 200
Secaucus, NJ 7094

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hudson County, NJ — SBA Office 0299 — Congressional District: NJ-09

Similar Companies near Secaucus

In the Secaucus area, 87 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 83) and received an average PPP loan of $147,082 (compared to this company's $1.65M).

Industry PPP Comparison Statistics

Nationwide, 198,302 businesses in the "Offices of Lawyers" industry received a total of $16.3B 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, 93% lower than Chasan Lamparello Mallon & Cappuzzo, PC's reported 83 employees, and received an average PPP loan of $82,210, 95% lower than this company's loan of $1.65M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/chasan-lamparello-mallon-cappuzzo-pc-secaucus-nj