PPP Loan Data — General Plumbing Supply, Inc, Edison, NJ
General Plumbing Supply, Inc
Entity: Subchapter S Corporation
Location: Edison, NJTweet This • Search All PPP Data
General Plumbing Supply, Inc is a subchapter s corporation located at 1000 New Durham Rd in Edison, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,376,600.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
General Plumbing Supply, Inc received a Paycheck Protection Loan of $6.38M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, General Plumbing Supply, Inc's total 2019 payroll expenses were approximately $30.61M in order to qualify for the PPP loan amount received.
Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $82,723 per employee1.
Business Information - General Plumbing Supply, Inc in Edison, NJ
1000 New Durham Rd
Edison, NJ 8817
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-06
Similar Companies near Edison
In the Edison area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 225 employees (compared to this company's 370) and received an average PPP loan of $3,632,950 (compared to this company's $6.38M).
Similar Nearby Businesses Who Received PPP Funding:
Raritan Group Inc
Industry PPP Comparison Statistics
Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 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 16 employees, 96% lower than General Plumbing Supply, Inc's reported 370 employees, and received an average PPP loan of $247,578, 96% lower than this company's loan of $6.38M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!