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PPP Loan Data — George Dapper, Inc, Iselin, NJ

SBA PPP loan data, payroll data, and salaries for George Dapper, Inc
NJ

George Dapper, Inc

Entity: Partnership

Industry: School and Employee Bus Transportation

Location: Iselin, NJ

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George Dapper, Inc is a partnership located at 1020 Green Street in Iselin, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,780,981.00 in April, 2020.

$ PPP Loan Information
Loan #1645117201

Loan Size:

$1.78M

Jobs Retained:

315

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

George Dapper, Inc in Iselin, NJ received a Paycheck Protection Loan of $1.78M through TD Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, George Dapper, Inc's 2019 payroll expenses are estimated to be at least $8.55M.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $27,139 per employee1

Reported PPP Proceed Usage:

On the PPP application, George Dapper, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,780,981

Business Information - George Dapper, Inc in Iselin, NJ

George Dapper, Inc
1020 Green Street
Iselin, NJ 8830

Business Industry:
School and Employee Bus Transportation
NAICS code 485410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

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 Iselin

In the Iselin area, 5 businesses in the "School and Employee Bus Transportation" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 315) and received an average PPP loan of $430,037 (compared to this company's $1.78M).

Industry PPP Comparison Statistics

Nationwide, 3,417 businesses in the "School and Employee Bus Transportation" industry received a total of $525.3M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 29 employees, 91% lower than George Dapper, Inc's reported 315 employees, and received an average PPP loan of $153,732, 91% lower than this company's loan of $1.78M.

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. 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.

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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.


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Source: www.federalpay.org/paycheck-protection-program/george-dapper-inc-iselin-nj