PPP Loan Data — Lenmar Consulting, Inc, Princeton, NJ
Lenmar Consulting, Inc is a corporation located at 3 Independence Way in Princeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,781,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cadence Bank, National Association
Lenmar Consulting, Inc in Princeton, NJ received a Paycheck Protection Loan of $1.78M through Cadence Bank, National Association, 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 January, 2021.
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, Lenmar Consulting, Inc's 2019 payroll expenses are estimated to be at least $8.55M.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $46,985 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lenmar Consulting, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,781,500
Business Information - Lenmar Consulting, Inc in Princeton, NJ
3 Independence Way
Princeton, NJ 8540
Other Computer Related Services
NAICS code 541519
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Princeton
In the Princeton area, 50 businesses in the "Other Computer Related Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 182) and received an average PPP loan of $445,590 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
First Tier Technology LLC
Softcom Systems Inc
Global Group Inc
Take Solutions Global Holdings Pte LTD
Oxaliz Technologies LLC
Thirdeye Gen Inc
Techzo Professionals Inc
IMR Soft LLC
Industry PPP Comparison Statistics
Nationwide, 25,371 businesses in the "Other Computer Related Services" industry received a total of $3.1B 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 8 employees, 96% lower than Lenmar Consulting, Inc's reported 182 employees, and received an average PPP loan of $122,066, 93% lower than this company's loan of $1.78M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!