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PPP Loan Data — Mccann Systems LLC, Edison, NJ

SBA PPP loan data, payroll data, and salaries for Mccann Systems LLC
NJ

Mccann Systems LLC

Entity: Limited Liability Company (LLC)

Industry: Computer Systems Design Services

Location: Edison, NJ

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Mccann Systems LLC is a limited liability company (LLC) located at 290 Fernwood Ave in Edison, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,619,407.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-11

Lender:

PROVIDENT BANK

Mccann Systems LLC received a Paycheck Protection Loan of $2.62M through PROVIDENT BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mccann Systems LLC's total 2019 payroll expenses were approximately $12.57M in order to qualify for the PPP loan amount received.

Unlike most businesses, Mccann Systems LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Mccann Systems LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mccann Systems LLC in Edison, NJ

Mccann Systems LLC
290 Fernwood Ave
Edison, NJ 8837

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NJ-06

Similar Companies near Edison

In the Edison area, 16 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $489,026 (compared to this company's $2.62M).

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, and received an average PPP loan of $181,408, 93% lower than this company's loan of $2.62M.

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.

Search FederalPay's Full PPP Loan Database

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mccann-systems-llc-edison-nj