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PPP Loan Data — Infucare RX Inc, Fairfield, NJ

SBA PPP loan data, payroll data, and salaries for Infucare RX Inc
NJ

Infucare RX Inc

Entity: Corporation

Industry: Unknown

Location: Fairfield, NJ

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Infucare RX Inc is a corporation located at 695 Us Highway 46 in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,527,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.53M

Jobs Retained:

185

Loan Approved:

2020-05-01

Lender:

PNC BANK, NATIONAL ASSOCIATION

Infucare RX Inc received a Paycheck Protection Loan of $2.53M through PNC BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Infucare RX Inc's total 2019 payroll expenses were approximately $12.13M in order to qualify for the PPP loan amount received.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $65,565 per employee1.

Because the loan received by Infucare RX Inc 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 - Infucare RX Inc in Fairfield, NJ

Infucare RX Inc
695 Us Highway 46
Fairfield, NJ 7004

Business Industry

Unknown (NAICS code 0)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-11

Similar Companies near Fairfield

In the Fairfield area, 2,175 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 185) and received an average PPP loan of $162,615 (compared to this company's $2.53M).

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 95% lower than Infucare RX Inc's reported 185 employees, and received an average PPP loan of $101,409, 96% lower than this company's loan of $2.53M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/infucare-rx-inc-fairfield-nj