PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — E & 3C's Enterprises Inc, Piscataway, NJ

ALERT: There are 2 PPP loans for a total of $92,894 in our database for businesses with the name "E & 3C's Enterprises Inc" in Piscataway, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for E & 3C's Enterprises Inc

FRANCHISE

NJ

E & 3C's Enterprises Inc

Entity: Corporation

Industry: Offices of Physicians (except Mental Health Specialists)

Franchise: Oasis Senior Advisors

Location: Piscataway, NJ

Search All PPP Data

E & 3C's Enterprises Inc is a corporation located at 371 Hoes Ln in Piscataway, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,447.00 in March, 2021. This business is a Oasis Senior Advisors franchise.

The company has reported itself as a Black or african american female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #4443678610

Loan Size:

$46,447

Jobs Retained:

7

Loan Approved:

2021-03-18

Loan Status:

Paid in Full or Forgiven

Lender:

Cross River Bank

E & 3C's Enterprises Inc in Piscataway, NJ received a Paycheck Protection Loan of $46,447 through Cross River Bank, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

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 More
Understanding 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 More

Based 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, E & 3C's Enterprises Inc's 2019 payroll expenses are estimated to be at least $222,946.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,849 per employee1

Reported PPP Proceed Usage:

On the PPP application, E & 3C's Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,446

Business Information - E & 3C's Enterprises Inc in Piscataway, NJ

E & 3C's Enterprises Inc
371 Hoes Ln
Piscataway, NJ 8854

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, NJ — SBA Office 0299 — Congressional District: NJ-06

Similar Companies near Piscataway

In the Piscataway area, 30 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $49,567 (compared to this company's $46,447).

Industry PPP Comparison Statistics

Nationwide, 176,426 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 57% higher than E & 3C's Enterprises Inc's reported 7 employees, and received an average PPP loan of $119,310, 157% higher than this company's loan of $46,447.

SBA PPP loan data, payroll data, and salaries for E & 3C's Enterprises, Inc

FRANCHISE

NJ

E & 3C's Enterprises, Inc

Entity: Corporation

Industry: Unknown

Franchise: Oasis Senior Advisors

Location: Piscataway, NJ

Search All PPP Data

E & 3C's Enterprises, Inc is a corporation located at 371 Hoes Lane Suite 200 in Piscataway, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,447.00 in May, 2020. This business is a Oasis Senior Advisors franchise.

The company has reported itself as a Black or african american female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #8906907704

Loan Size:

$46,447

Jobs Retained:

7

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Cross River Bank

E & 3C's Enterprises, Inc in Piscataway, NJ received a Paycheck Protection Loan of $46,447 through Cross River Bank, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

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 More
Understanding 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 More

Based 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, E & 3C's Enterprises, Inc's 2019 payroll expenses are estimated to be at least $222,946.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,849 per employee1

Reported PPP Proceed Usage:

On the PPP application, E & 3C's Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,447

Business Information - E & 3C's Enterprises, Inc in Piscataway, NJ

E & 3C's Enterprises, Inc
371 Hoes Lane Suite 200
Piscataway, NJ 8854

Business Industry:
Unknown
NAICS code 0

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Middlesex County, NJ — SBA Office 0299 — Congressional District: NJ-06

Similar Companies near Piscataway

In the Piscataway area, 1,643 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 7) and received an average PPP loan of $133,149 (compared to this company's $46,447).

Industry PPP Comparison Statistics

Nationwide, 132,323 businesses in the "Unknown" industry received a total of $5.85B 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 13 employees, 86% higher than E & 3C's Enterprises, Inc's reported 7 employees, and received an average PPP loan of $44,229, 5% lower than this company's loan of $46,447.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/e-3cs-enterprises-inc-piscataway-nj