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PPP Loan Data — George S. Hall, Inc.,
Parsippany, NJ
George S. Hall, Inc.
Entity: Corporation
Industry: New Single-Family Housing Construction (except For-Sale Builders)
Location: Parsippany, NJ
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George S. Hall, Inc. is a corporation located at 4 Gatehall Dr Ste 2 in Parsippany, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,911,762.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
392Loan Approved:
2020-04-28Lender:
HSBC BANK USA, NATIONAL ASSOCIATIONGeorge S. Hall, Inc. received a Paycheck Protection Loan of $6.91M through HSBC BANK USA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, George S. Hall, Inc.'s total 2019 payroll expenses were approximately $33.18M in order to qualify for the PPP loan amount received.
Based on their reported 392 jobs retained, this equals an estimated average yearly compensation of $84,634 per employee1.
Business Information - George S. Hall, Inc. in Parsippany, NJ
4 Gatehall Dr Ste 2
Parsippany, NJ 7054
Business Industry
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-11Similar Companies near Parsippany
In the Parsippany area, 15 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 392) and received an average PPP loan of $530,399 (compared to this company's $6.91M).
Similar Nearby Businesses Who Received PPP Funding:
Aksay Tile And Stone LLC
Parsippany-troy Hills, NJ
Marjorie Vargas
Passaic, NJ
Ppre Economic Development Corp., Inc.
Passaic, NJ
KSR Development Corp
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Touchstone Management Inc.
Parsippany, NJ
LDJ Builders Inc.
Parsippany-troy Hills, NJ
Peluso Home Improvement
Parsippany, NJ
YCM7 LLC
Passaic, NJ
Makhmud Rakhmonov
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Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 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 5 employees, 99% lower than George S. Hall, Inc.'s reported 392 employees, and received an average PPP loan of $58,566, 99% lower than this company's loan of $6.91M.
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.
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