PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — New Jersey Organ & Tissue Sharing Network, New Providence, NJ

SBA PPP loan data, payroll data, and salaries for New Jersey Organ & Tissue Sharing Network
NJ Nonprofit Organization

New Jersey Organ & Tissue Sharing Network

Entity: Non-profit Organization

Industry: Blood and Organ Banks

Location: New Providence, NJ

Search All PPP Data

New Jersey Organ & Tissue Sharing Network is a non-profit organization located at 691 Central Ave in New Providence, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,735,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.74M

Jobs Retained:

176

Loan Approved:

2020-04-15

Lender:

PEAPACK-GLADSTONE BANK

New Jersey Organ & Tissue Sharing Network received a Paycheck Protection Loan of $2.74M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, New Jersey Organ & Tissue Sharing Network's total 2019 payroll expenses were approximately $13.13M in order to qualify for the PPP loan amount received.

Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $74,610 per employee1.

Because the loan received by New Jersey Organ & Tissue Sharing Network 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 - New Jersey Organ & Tissue Sharing Network in New Providence, NJ

New Jersey Organ & Tissue Sharing Network
691 Central Ave
New Providence, NJ 7974

Business Industry

Blood and Organ Banks (NAICS code 621991)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-07

Industry PPP Comparison Statistics

Nationwide, 627 businesses in the "Blood and Organ Banks" industry received a total of $196,601,905.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 25 employees, 86% lower than New Jersey Organ & Tissue Sharing Network's reported 176 employees, and received an average PPP loan of $313,560, 89% lower than this company's loan of $2.74M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/new-jersey-organ-and-tissue-sharing-network-new-providence-nj