PPP Loan Data — Hennion & Walsh, Inc., Parsippany, NJ
Hennion & Walsh, Inc. is a corporation located at 2001 Route 46 in Parsippany, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,634,500.00 in April, 2020.
$ PPP Loan Information
Hennion & Walsh, Inc. in Parsippany, NJ received a Paycheck Protection Loan of $2.63M through FIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hennion & Walsh, Inc.'s total 2019 payroll expenses were approximately $12.65M in order to qualify for the PPP loan amount received.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $71,444 per employee1.
Business Information - Hennion & Walsh, Inc. in Parsippany, NJ
2001 Route 46
Parsippany, NJ 07054
Securities Brokerage (NAICS code 523120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-11
Similar Companies near Parsippany
In the Parsippany area, 4 businesses in the "Securities Brokerage" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 177) and received an average PPP loan of $687,703 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
Parsippany-troy Hills, NJ
M S Goldklang & Co Inc
Solomon Wealth Advisors
Industry PPP Comparison Statistics
Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 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 5 employees, 97% lower than Hennion & Walsh, Inc.'s reported 177 employees, and received an average PPP loan of $84,964, 97% lower than this company's loan of $2.63M.
FederalPay's PPP Information Policy
Footnotes & Information
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