FederalPay.org
PPP Loan Data — Masonic Charity Foundation Of New Jersey,
Burlington, NJ
Masonic Charity Foundation Of New Jersey
Entity: Non-profit Organization
Industry: All Other Personal Services
Location: Burlington, NJ
Tweet This
•
Search All PPP Data
Masonic Charity Foundation Of New Jersey is a non-profit organization located at 902 Jacksonville Rd in Burlington, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,010,070.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
411Loan Approved:
2020-04-15Lender:
WILMINGTON SAVINGS FUND SOCIETY, FSBMasonic Charity Foundation Of New Jersey in Burlington, NJ received a Paycheck Protection Loan of $4.01M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Masonic Charity Foundation Of New Jersey's total 2019 payroll expenses were approximately $19.25M in order to qualify for the PPP loan amount received.
Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $46,833 per employee1.
Business Information - Masonic Charity Foundation Of New Jersey in Burlington, NJ
902 Jacksonville Rd
Burlington, NJ 08016
Business Industry
All Other Personal Services (NAICS code 812990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-03Similar Companies near Burlington
In the Burlington area, 12 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 411) and received an average PPP loan of $345,377 (compared to this company's $4.01M).
Similar Nearby Businesses Who Received PPP Funding:
J Lead Enterprise LLC
Burlington, NJ
Johvany Damas
Burlington, NJ
Vina Kim
Burlington, NJ
Alvin Hall
Burlington, NJ
Fadua Creighton
Burlington, NJ
PJ II LLC
Burlington, NJ
James E Porpora DBA Hank's Cards
Browns Mills, NJ
Olde City Quilts LLC
Burlington, NJ
Industry PPP Comparison Statistics
Nationwide, 73,988 businesses in the "All Other Personal Services" industry received a total of $2,458,516,421.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Masonic Charity Foundation Of New Jersey's reported 411 employees, and received an average PPP loan of $33,229, 99% lower than this company's loan of $4.01M.
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, 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.
Have FederalPay.org's open data tools been valuable? Consider donating!