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

PPP Loan Data — Kent Group Associates Inc The, Fairfield, NJ

ALERT: There are 2 PPP loans for a total of $134,985 in our database for businesses with the name "Kent Group Associates Inc The" in Fairfield, 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 Kent Group Associates Inc The
NJ

Kent Group Associates Inc The

Entity: Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: Fairfield, NJ

Search All PPP Data

Kent Group Associates Inc The is a corporation located at 2 Industrial Rd Ste 203 in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $60,200.00 in February, 2021.

$ PPP Loan Information
Loan #4941588403

Loan Size:

$60,200

Jobs Retained:

3

Loan Approved:

2021-02-07

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Kent Group Associates Inc The in Fairfield, NJ received a Paycheck Protection Loan of $60,200 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, Kent Group Associates Inc The's 2019 payroll expenses are estimated to be at least $288,960.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $96,320 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kent Group Associates Inc The reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $60,197

Business Information - Kent Group Associates Inc The in Fairfield, NJ

Kent Group Associates Inc The
2 Industrial Rd Ste 203
Fairfield, NJ 7004

Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Essex County, NJ — SBA Office 0299 — Congressional District: NJ-11

Similar Companies near Fairfield

In the Fairfield area, 57 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $145,286 (compared to this company's $60,200).

Industry PPP Comparison Statistics

Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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 5 employees, 67% higher than Kent Group Associates Inc The's reported 3 employees, and received an average PPP loan of $57,091, 5% lower than this company's loan of $60,200.

SBA PPP loan data, payroll data, and salaries for Kent Group Associates Inc, The
NJ

Kent Group Associates Inc, The

Entity: Corporation

Industry: Executive Search Services

Location: Fairfield, NJ

Search All PPP Data

Kent Group Associates Inc, The is a corporation located at 2 Industrial Rd Ste 101 203 in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $74,785.00 in April, 2020.

$ PPP Loan Information
Loan #7503197303

Loan Size:

$74,785

Jobs Retained:

5

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Kent Group Associates Inc, The in Fairfield, NJ received a Paycheck Protection Loan of $74,785 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.

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, Kent Group Associates Inc, The's 2019 payroll expenses are estimated to be at least $358,968.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $71,794 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kent Group Associates Inc, The reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $74,785

Business Information - Kent Group Associates Inc, The in Fairfield, NJ

Kent Group Associates Inc, The
2 Industrial Rd Ste 101 203
Fairfield, NJ 7004

Business Industry:
Executive Search Services
NAICS code 561312

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Essex County, NJ — SBA Office 0299 — Congressional District: NJ-11

Similar Companies near Fairfield

In the Fairfield area, 4 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 5) and received an average PPP loan of $147,219 (compared to this company's $74,785).

Industry PPP Comparison Statistics

Nationwide, 7,038 businesses in the "Executive Search Services" industry received a total of $770.55M 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 10 employees, 100% higher than Kent Group Associates Inc, The's reported 5 employees, and received an average PPP loan of $109,485, 46% higher than this company's loan of $74,785.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kent-group-associates-inc-the-fairfield-nj