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PPP Loan Data — Hepco Inc,
Saddle Brook, NJ
Hepco Inc
Entity: Subchapter S Corporation
Industry: Employment Placement Agencies
Location: Saddle Brook, NJ
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Hepco Inc is a subchapter s corporation located at 160 Pehle Ave Suite 502 in Saddle Brook, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,855,925.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
220Loan Approved:
2020-04-11Lender:
TD BANK, NATIONAL ASSOCIATIONHepco Inc in Saddle Brook, NJ received a Paycheck Protection Loan of $3.86M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hepco Inc's total 2019 payroll expenses were approximately $18.51M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $84,129 per employee1.
Business Information - Hepco Inc in Saddle Brook, NJ
160 Pehle Ave Suite 502
Saddle Brook, NJ 07663
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-09Similar Companies near Saddle Brook
In the Saddle Brook area, 3 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 220) and received an average PPP loan of $1,612,508 (compared to this company's $3.86M).
Similar Nearby Businesses Who Received PPP Funding:
Ultimate Solutions Inc.
Saddle Brook, NJ
DTG Consulting Solutions, Inc.
Saddle Brook, NJ
Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 83% lower than Hepco Inc's reported 220 employees, and received an average PPP loan of $363,100, 91% lower than this company's loan of $3.86M.
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.
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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