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PPP Loan Data — Joseph Jingoli & Son, Inc., Lawrenceville, NJ

SBA PPP loan data, payroll data, and salaries for Joseph Jingoli & Son, Inc.

Joseph Jingoli & Son, Inc.

Entity: Subchapter S Corporation

Industry: Commercial and Institutional Building Construction

Location: Lawrenceville, NJ

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by Joseph Jingoli & Son, 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 - Joseph Jingoli & Son, Inc. in Lawrenceville, NJ

Joseph Jingoli & Son, Inc.
100 Lenox Drive
Lawrenceville, NJ 8648

Business Industry

Commercial and Institutional Building Construction (NAICS code 236220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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 - The Civil Employee's Resource **