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PPP Loan Data — Diagnostica Stago Inc, Parsippany, NJ

SBA PPP loan data, payroll data, and salaries for Diagnostica Stago Inc
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:

$6.65M

Jobs Retained:

372

Loan Approved:

2020-04-15

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Diagnostica 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.

Because the loan received by Diagnostica Stago 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 - Diagnostica Stago Inc in Parsippany, NJ

Diagnostica Stago Inc
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-11

Similar 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).

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/diagnostica-stago-inc-parsippany-nj