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PPP Loan Data — Faber, Coe & Gregg, Inc., Secaucus, NJ

SBA PPP loan data, payroll data, and salaries for Faber, Coe & Gregg, Inc.
NJ

Faber, Coe & Gregg, Inc.

Entity: Corporation

Industry: Food Service Contractors

Location: Secaucus, NJ

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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

Loan Size:

$3.78M

Jobs Retained:

500

Loan Approved:

2020-04-30

Lender:

PEAPACK-GLADSTONE BANK

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.

Because the loan received by Faber, Coe & Gregg, 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 - Faber, Coe & Gregg, Inc. in Secaucus, NJ

Faber, Coe & Gregg, Inc.
550 Meadowlands Parkway
Secaucus, NJ 7094

Business Industry

Food Service Contractors (NAICS code 722310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/faber-coe-and-gregg-inc-secaucus-nj