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PPP Loan Data — Laura Farrell, Maplewood, NJ

ALERT: There are 2 PPP loans for a total of $12,024 in our database for businesses with the name "Laura Farrell" in Maplewood, 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 Laura Farrell
NJ

Laura Farrell

Entity: Sole Proprietorship

Industry: All Other Professional, Scientific, and Technical Services

Location: Maplewood, NJ

Search All PPP Data

Laura Farrell is a sole proprietorship located in Maplewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,012.00 in January, 2021.

$ PPP Loan Information
Loan #9975488300

Loan Size:

$6,012

Jobs Retained:

1

Loan Approved:

2021-01-31

Loan Status:

Paid in Full or Forgiven

Lender:

Valley National Bank

Laura Farrell in Maplewood, NJ received a Paycheck Protection Loan of $6,012 through Valley National Bank, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Laura Farrell reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,012

Business Information - Laura Farrell in Maplewood, NJ

Laura Farrell
Maplewood, NJ
* Full address is redacted to protect the privacy of individuals.

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-10

Similar Companies near Maplewood

In the Maplewood area, 37 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $28,910 (compared to this company's $6,012).

Industry PPP Comparison Statistics

Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B 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, 400% higher than Laura Farrell's reported 1 employees, and received an average PPP loan of $57,481, 856% higher than this company's loan of $6,012.

SBA PPP loan data, payroll data, and salaries for Laura Farrell
NJ

Laura Farrell

Entity: Sole Proprietorship

Industry: All Other Professional, Scientific, and Technical Services

Location: Maplewood, NJ

Search All PPP Data

Laura Farrell is a sole proprietorship located in Maplewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,012.00 in April, 2020.

$ PPP Loan Information
Loan #1311607304

Loan Size:

$6,012

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Valley National Bank

Laura Farrell in Maplewood, NJ received a Paycheck Protection Loan of $6,012 through Valley National Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Laura Farrell reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,012

Business Information - Laura Farrell in Maplewood, NJ

Laura Farrell
Maplewood, NJ
* Full address is redacted to protect the privacy of individuals.

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-10

Similar Companies near Maplewood

In the Maplewood area, 37 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $28,910 (compared to this company's $6,012).

Industry PPP Comparison Statistics

Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B 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, 400% higher than Laura Farrell's reported 1 employees, and received an average PPP loan of $57,481, 856% higher than this company's loan of $6,012.

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.


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Source: www.federalpay.org/paycheck-protection-program/laura-farrell-maplewood-nj