PPP Loan Data — Hire It People, Inc., East Brunswick, NJ
Hire It People, Inc. is a subchapter s corporation located at 5 Auer Ct, Suite G in East Brunswick, New Jersey that received a Coronavirus-related PPP loan from the SBA of $883,000.00 in April, 2020.
$ PPP Loan Information
Hire It People, Inc. received a Paycheck Protection Loan of $883,000 through CUSTOMERS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hire It People, Inc.'s total 2019 payroll expenses were approximately $4.24M in order to qualify for the PPP loan amount received.
Based on their reported 47 jobs retained, this equals an estimated average yearly compensation of $90,179 per employee1.
Business Information - Hire It People, Inc. in East Brunswick, NJ
5 Auer Ct, Suite G
East Brunswick, NJ 8816
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near East Brunswick
In the East Brunswick area, 40 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 47) and received an average PPP loan of $552,226 (compared to this company's $883,000).
Similar Nearby Businesses Who Received PPP Funding:
Comprehensive Healthcare Systems Inc
It America Inc
Vkan Tech Solutions Inc
East Brunswick, NJ
Mark Infotech Inc
East Brunswick, NJ
Nestor Technologies Inc.
Arka Infotech, LLC
Rayven It Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 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 11 employees, 77% lower than Hire It People, Inc.'s reported 47 employees, and received an average PPP loan of $200,633, 77% lower than this company's loan of $883,000.
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.
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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