Contemporary Graphics And Bindery, Inc. in Camden, NJ - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Contemporary Graphics And Bindery, Inc., Camden, NJ

Contemporary Graphics And Bindery, Inc.

Entity: Subchapter S Corporation

Industry: Folding Paperboard Box Manufacturing

Location: Camden, NJ

Contemporary Graphics And Bindery, Inc. is a subchapter s corporation located at 1200 Ferry Avenue in Camden, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,083,562.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 254 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.08M

Jobs Retained:

254

Loan Approved:

2020-04-07

Lender:

CUSTOMERS BANK

Contemporary Graphics And Bindery, Inc. in Camden, NJ received a Paycheck Protection Loan of $3.08M through CUSTOMERS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Contemporary Graphics And Bindery, Inc.'s total 2019 payroll expenses were approximately $14.8M in order to qualify for the PPP loan amount received.

Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $58,272 per employee¹.

Because the loan received by Contemporary Graphics And Bindery, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Contemporary Graphics And Bindery, Inc. in Camden, NJ

Contemporary Graphics And Bindery, Inc.
1200 Ferry Avenue
Camden, NJ 8104

Business Industry

Folding Paperboard Box Manufacturing (NAICS code 322212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NJ-01

Industry PPP Comparison Statistics

Nationwide, 164 businesses in the "Folding Paperboard Box Manufacturing" industry received a total of $122,175,928.00 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 53 employees, 79% lower than Contemporary Graphics And Bindery, Inc.'s reported 254 employees, and received an average PPP loan of $744,975, 76% lower than this company's loan of $3.08M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.

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