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PPP Loan Data — Hackensack Radiology Group, PA, River Edge, NJ

SBA PPP loan data, payroll data, and salaries for Hackensack Radiology Group, PA
NJ

Hackensack Radiology Group, PA

Entity: Subchapter S Corporation

Industry: Offices of Physicians, Mental Health Specialists

Location: River Edge, NJ

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Hackensack Radiology Group, PA is a subchapter s corporation located at 130 Kinderkamack Road, Suite 200 in River Edge, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,549,015.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

206

Loan Approved:

2020-04-27

Lender:

HADDON SAVINGS BANK

Hackensack Radiology Group, PA in River Edge, NJ received a Paycheck Protection Loan of $2.55M through HADDON SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hackensack Radiology Group, PA's total 2019 payroll expenses were approximately $12.24M in order to qualify for the PPP loan amount received.

Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $59,395 per employee1.

Because the loan received by Hackensack Radiology Group, PA 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 - Hackensack Radiology Group, PA in River Edge, NJ

Hackensack Radiology Group, PA
130 Kinderkamack Road, Suite 200
River Edge, NJ 7661

Business Industry

Offices of Physicians, Mental Health Specialists (NAICS code 621112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-05

Similar Companies near River Edge

In the River Edge area, 3 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 206) and received an average PPP loan of $879,724 (compared to this company's $2.55M).

Industry PPP Comparison Statistics

Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 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 8 employees, 96% lower than Hackensack Radiology Group, PA's reported 206 employees, and received an average PPP loan of $95,009, 96% lower than this company's loan of $2.55M.

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, 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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Source: www.federalpay.org/paycheck-protection-program/hackensack-radiology-group-pa-river-edge-nj