PPP Loan Data — Jewish Center Of Teaneck, Inc, Teaneck, NJ
Jewish Center Of Teaneck, Inc is a non-profit organization located at 70 Sterling Place in Teaneck, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,995.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Jewish Center Of Teaneck, Inc in Teaneck, NJ received a Paycheck Protection Loan of $24,995 through Celtic Bank Corporation, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Jewish Center Of Teaneck, Inc's 2019 payroll expenses are estimated to be at least $119,976.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,139 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jewish Center Of Teaneck, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
Business Information - Jewish Center Of Teaneck, Inc in Teaneck, NJ
70 Sterling Place
Teaneck, NJ 7666
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Teaneck
In the Teaneck area, 44 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 7) and received an average PPP loan of $47,338 (compared to this company's $24,995).
Similar Nearby Businesses Who Received PPP Funding:
Friends Of Lubavitch Of Bergen County
Yeshivas Bais Mordechai Of Teaneck Inc
Congregation Rinat Yisrael
The Center For Inter-Religious Understanding
The Church Gathered And Scattered Inc
Bishop Enterprises Inc
East Bergen Christian Church Inc
Welling Up Church Inc
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 71% higher than Jewish Center Of Teaneck, Inc's reported 7 employees, and received an average PPP loan of $75,298, 201% higher than this company's loan of $24,995.
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Footnotes & Information
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