PPP Loan Data — Matrix New World Engineering, Florham Park, NJ
Matrix New World Engineering is a subchapter s corporation located at 26 Columbia Turnpike in Florham Park, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,258,540.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Matrix New World Engineering received a Paycheck Protection Loan of $3.26M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Matrix New World Engineering's total 2019 payroll expenses were approximately $15.64M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $78,205 per employee1.
Business Information - Matrix New World Engineering in Florham Park, NJ
26 Columbia Turnpike
Florham Park, NJ 7932
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-11
Similar Companies near Florham Park
In the Florham Park area, 4 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 200) and received an average PPP loan of $871,347 (compared to this company's $3.26M).
Similar Nearby Businesses Who Received PPP Funding:
Danco Consulting LLC
Florham Park, NJ
Apgar Associates Inc.
Far Hills, NJ
Telegrid Technologies, Inc.
Florham Park, NJ
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 93% lower than Matrix New World Engineering's reported 200 employees, and received an average PPP loan of $249,856, 92% lower than this company's loan of $3.26M.
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