PPP Loan Data — Intersolutions LLC, Cherry Hill, NJ
Intersolutions LLC is a limited liability company (LLC) located at 535 Route 38 in Cherry Hill, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,529,500.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Intersolutions LLC received a Paycheck Protection Loan of $2.53M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Intersolutions LLC's total 2019 payroll expenses were approximately $12.14M in order to qualify for the PPP loan amount received.
Based on their reported 487 jobs retained, this equals an estimated average yearly compensation of $24,931 per employee1.
Business Information - Intersolutions LLC in Cherry Hill, NJ
535 Route 38
Cherry Hill, NJ 8002
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-01
Similar Companies near Cherry Hill
In the Cherry Hill area, 4 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 262 employees (compared to this company's 487) and received an average PPP loan of $1,185,300 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
J & J Staffing Resources, Inc
Cherry Hill, NJ
Cherry Hill, NJ
MD Health Solutions Inc
Cherry Hill, NJ
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 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 61 employees, 87% lower than Intersolutions LLC's reported 487 employees, and received an average PPP loan of $608,834, 76% 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.
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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