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PPP Loan Data — Diagnostica Stago Inc,
Parsippany, NJ
Diagnostica Stago Inc
Entity: Corporation
Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
Location: Parsippany, NJ
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Diagnostica Stago Inc is a corporation located at 5 Century Drive Ste 1 in Parsippany, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,645,100.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
372Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONDiagnostica Stago Inc in Parsippany, NJ received a Paycheck Protection Loan of $6.65M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Diagnostica Stago Inc's total 2019 payroll expenses were approximately $31.9M in order to qualify for the PPP loan amount received.
Based on their reported 372 jobs retained, this equals an estimated average yearly compensation of $85,743 per employee1.
Business Information - Diagnostica Stago Inc in Parsippany, NJ
5 Century Drive Ste 1
Parsippany, NJ 07054
Business Industry
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-11Similar Companies near Parsippany
In the Parsippany area, 4 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 372) and received an average PPP loan of $1,699,121 (compared to this company's $6.65M).
Similar Nearby Businesses Who Received PPP Funding:
Blue Slate LLC
Parsippany, NJ
Beneficial Medical Supply
Passaic, NJ
S&J Cleaners LLC
Passaic, NJ
Industry PPP Comparison Statistics
Nationwide, 8,635 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1,055,539,669.00 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 9 employees, 98% lower than Diagnostica Stago Inc's reported 372 employees, and received an average PPP loan of $122,240, 98% lower than this company's loan of $6.65M.
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, and is published unmodified, as provided by the SBA.
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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