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PPP Loan Data — Churchill Corporate Services Inc,
Hawthorne, NJ
Churchill Corporate Services Inc
Entity: Corporation
Industry: All Other Professional, Scientific, and Technical Services
Location: Hawthorne, NJ
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Churchill Corporate Services Inc is a corporation located at 56 Utter Ave in Hawthorne, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #1334458600
Loan Size:
Jobs Retained:
184Loan Approved:
2021-03-13Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationChurchill Corporate Services Inc in Hawthorne, NJ received a Paycheck Protection Loan of $2M through Bank of America, National Association, 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 MoreUnderstanding 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 MoreBased 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, Churchill Corporate Services Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $52,174 per employee1
Reported PPP Proceed Usage:
On the PPP application, Churchill Corporate Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Churchill Corporate Services Inc in Hawthorne, NJ
56 Utter Ave
Hawthorne, NJ 7506
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Churchill Corporate Services Inc.
Nest Seekers NJ LLC
Offices of Real Estate Agents and Brokers
Moore Management Services Inc
Offices of Real Estate Agents and Brokers
Big Apple Cleaning Services Inc
Janitorial Services
Nest Seekers CA Corp
Securities Brokerage
Similar Companies near Hawthorne
In the Hawthorne area, 14 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 184) and received an average PPP loan of $167,311 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
JMC Audio Visual Consultants
Hawthorne, NJ
Itani Diamonds LLC
Paterson, NJ
52-54 Cianci Property LLC
Paterson, NJ
Jorge Sanint
Hawthorne, NJ
Francis Minaya Bonifacio
Paterson, NJ
Aatron Technologies Corp
Hawthorne, NJ
Downes Forest Products, LLC
Hawthorne, NJ
Peace Of Mind Plumbing And Heating
Hawthorne, NJ
Industry PPP Comparison Statistics
Nationwide, 128,103 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.31B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than Churchill Corporate Services Inc's reported 184 employees, and received an average PPP loan of $57,039, 97% lower than this company's loan of $2M.
Churchill Corporate Services Inc
Entity: Corporation
Industry: Lessors of Residential Buildings and Dwellings
Location: Hawthorne, NJ
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Churchill Corporate Services Inc is a corporation located at 56 Utter Ave in Hawthorne, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,438,987.00 in May, 2020.
$
PPP Loan Information
Loan #5346267710
Loan Size:
Jobs Retained:
373Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationChurchill Corporate Services Inc in Hawthorne, NJ received a Paycheck Protection Loan of $4.44M through Bank of America, National Association, which was approved in May, 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
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 MoreUnderstanding 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 MoreBased 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, Churchill Corporate Services Inc's 2019 payroll expenses are estimated to be at least $21.31M.
Based on their reported 373 jobs retained, this equals an estimated average yearly compensation of $57,124 per employee1
Reported PPP Proceed Usage:
On the PPP application, Churchill Corporate Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,438,987
Business Information - Churchill Corporate Services Inc in Hawthorne, NJ
56 Utter Ave
Hawthorne, NJ 7506
Business Industry:
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Churchill Corporate Services Inc.
Nest Seekers NJ LLC
Offices of Real Estate Agents and Brokers
Moore Management Services Inc
Offices of Real Estate Agents and Brokers
Big Apple Cleaning Services Inc
Janitorial Services
Nest Seekers CA Corp
Securities Brokerage
Similar Companies near Hawthorne
In the Hawthorne area, 3 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 373) and received an average PPP loan of $1,487,823 (compared to this company's $4.44M).
Similar Nearby Businesses Who Received PPP Funding:
Aquino Parking LLC
Paterson, NJ
Race Point Properties LLC
Hawthorne, NJ
Industry PPP Comparison Statistics
Nationwide, 28,644 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.02B 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 8 employees, 98% lower than Churchill Corporate Services Inc's reported 373 employees, and received an average PPP loan of $70,414, 98% lower than this company's loan of $4.44M.
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.
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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