PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — J Givoo Consultants I Inc, Cherry Hill, NJ

ALERT: There are 2 PPP loans for a total of $2.13M in our database for businesses with the name "J Givoo Consultants I Inc" in Cherry Hill, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for J Givoo Consultants I Inc
NJ

J Givoo Consultants I Inc

Entity: Corporation

Industry: Other Scientific and Technical Consulting Services

Location: Cherry Hill, NJ

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J Givoo Consultants I Inc is a corporation located at 410 Holly Glen Dr in Cherry Hill, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

The company has reported itself as a White female owned business, and employed at least 300 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1395918502

Loan Size:

$2M

Jobs Retained:

300

Loan Approved:

2021-02-18

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

J Givoo Consultants I Inc in Cherry Hill, NJ received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, J Givoo Consultants I Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $32,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, J Givoo Consultants I Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by J Givoo Consultants I 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 - J Givoo Consultants I Inc in Cherry Hill, NJ

J Givoo Consultants I Inc
410 Holly Glen Dr
Cherry Hill, NJ 8034

Business Industry:
Other Scientific and Technical Consulting Services
NAICS code 541690

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Camden County, NJ — SBA Office 0299 — Congressional District: NJ-01

Similar Companies near Cherry Hill

In the Cherry Hill area, 4 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 300) and received an average PPP loan of $532,868 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 23,645 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $2B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 98% lower than J Givoo Consultants I Inc's reported 300 employees, and received an average PPP loan of $84,626, 96% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for J Givoo Consultants I Inc
NJ

J Givoo Consultants I Inc

Entity: Corporation

Industry: Engineering Services

Location: Cherry Hill, NJ

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J Givoo Consultants I Inc is a corporation located at 410 Holly Glen Dr in Cherry Hill, New Jersey that received a Coronavirus-related PPP loan from the SBA of $131,137.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #4207857204

Loan Size:

$131,137

Jobs Retained:

5

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association
Likely Employment Reduction3

J Givoo Consultants I Inc in Cherry Hill, NJ received a Paycheck Protection Loan of $131,137 through Bank of America, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 5 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 6. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, J Givoo Consultants I Inc's 2019 payroll expenses are estimated to be at least $629,458 (not accounting for salary amounts > $100k).

Because the 5 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, J Givoo Consultants I Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $131,137

Business Information - J Givoo Consultants I Inc in Cherry Hill, NJ

J Givoo Consultants I Inc
410 Holly Glen Dr
Cherry Hill, NJ 8034

Business Industry:
Engineering Services
NAICS code 541330

Business Owner Demographics

Race: White

Ethnicity: Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Camden County, NJ — SBA Office 0299 — Congressional District: NJ-01

Similar Companies near Cherry Hill

In the Cherry Hill area, 13 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 5) and received an average PPP loan of $966,768 (compared to this company's $131,137).

Industry PPP Comparison Statistics

Nationwide, 42,689 businesses in the "Engineering Services" industry received a total of $8.99B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 14 employees, 180% higher than J Givoo Consultants I Inc's reported 5 employees, and received an average PPP loan of $210,573, 61% higher than this company's loan of $131,137.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/j-givoo-consultants-i-inc-cherry-hill-nj