Cyber Think Inc in Bridgewater, NJ - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Cyber Think Inc, Bridgewater, NJ

Cyber Think Inc

Entity: Corporation

Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers

Location: Bridgewater, NJ

Cyber Think Inc is a corporation located at 685 Route 202/206 Ste 101 in Bridgewater, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,926,120.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.93M

Jobs Retained:

327

Loan Approved:

2020-04-14

Lender:

FULTON BANK, NATIONAL ASSOCIATION

Cyber Think Inc received a Paycheck Protection Loan of $4.93M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cyber Think Inc's total 2019 payroll expenses were approximately $23.65M in order to qualify for the PPP loan amount received.

Based on their reported 327 jobs retained, this equals an estimated average yearly compensation of $72,310 per employee¹.

Because the loan received by Cyber Think 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 - Cyber Think Inc in Bridgewater, NJ

Cyber Think Inc
685 Route 202/206 Ste 101
Bridgewater, NJ 8807

Business Industry

Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (NAICS code 423430)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-07

Industry PPP Comparison Statistics

Nationwide, 2,714 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $530,433,905.00 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 12 employees, 96% lower than Cyber Think Inc's reported 327 employees, and received an average PPP loan of $195,444, 96% lower than this company's loan of $4.93M.

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.

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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