PPP Loan Data — Joseph Jingoli & Son, Inc., Lawrenceville, NJ
Joseph Jingoli & Son, Inc.
Entity: Subchapter S Corporation
Location: Lawrenceville, NJTweet This • Search All PPP Data
Joseph Jingoli & Son, Inc. is a subchapter s corporation located at 100 Lenox Drive in Lawrenceville, New Jersey that received a Coronavirus-related PPP loan from the SBA of $7,496,862.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Joseph Jingoli & Son, Inc. received a Paycheck Protection Loan of $7.5M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Joseph Jingoli & Son, Inc.'s total 2019 payroll expenses were approximately $35.98M in order to qualify for the PPP loan amount received.
Based on their reported 483 jobs retained, this equals an estimated average yearly compensation of $74,503 per employee1.
Business Information - Joseph Jingoli & Son, Inc. in Lawrenceville, NJ
100 Lenox Drive
Lawrenceville, NJ 8648
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Lawrenceville
In the Lawrenceville area, 3 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 182 employees (compared to this company's 483) and received an average PPP loan of $2,635,054 (compared to this company's $7.5M).
Similar Nearby Businesses Who Received PPP Funding:
Saint Ann's Church
Lawrence Township, NJ
R U Commercial Services Inc
Lawrence Township, NJ
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 97% lower than Joseph Jingoli & Son, Inc.'s reported 483 employees, and received an average PPP loan of $203,235, 97% lower than this company's loan of $7.5M.
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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