PPP Loan Data — Faber, Coe & Gregg, Inc., Secaucus, NJ
Faber, Coe & Gregg, Inc. is a corporation located at 550 Meadowlands Parkway in Secaucus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,775,800.00 in April, 2020.
$ PPP Loan Information
Faber, Coe & Gregg, Inc. received a Paycheck Protection Loan of $3.78M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Faber, Coe & Gregg, Inc.'s total 2019 payroll expenses were approximately $18.12M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $36,248 per employee1.
Business Information - Faber, Coe & Gregg, Inc. in Secaucus, NJ
550 Meadowlands Parkway
Secaucus, NJ 7094
Food Service Contractors (NAICS code 722310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-09
Similar Companies near Secaucus
In the Secaucus area, 6 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 500) and received an average PPP loan of $684,766 (compared to this company's $3.78M).
Similar Nearby Businesses Who Received PPP Funding:
Universal Coffee Express 111, LLC
J & A Dining Room
Shree Kunthunath Inc
Industry PPP Comparison Statistics
Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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 15 employees, 97% lower than Faber, Coe & Gregg, Inc.'s reported 500 employees, and received an average PPP loan of $108,317, 97% lower than this company's loan of $3.78M.
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Footnotes & Information
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