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

PPP Loan Data — North East Parts Group LLC, Blairstown, NJ

SBA PPP loan data, payroll data, and salaries for North East Parts Group LLC
NJ

North East Parts Group LLC

Entity: Limited Liability Company (LLC)

Industry: Automotive Parts and Accessories Stores

Location: Blairstown, NJ

Search All PPP Data

North East Parts Group LLC is a limited liability company (LLC) located at 120 Route 94 in Blairstown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,819,832.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.82M

Jobs Retained:

464

Loan Approved:

2020-04-14

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

North East Parts Group LLC in Blairstown, NJ received a Paycheck Protection Loan of $2.82M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, North East Parts Group LLC's total 2019 payroll expenses were approximately $13.54M in order to qualify for the PPP loan amount received.

Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $29,171 per employee1.

Because the loan received by North East Parts Group 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 - North East Parts Group LLC in Blairstown, NJ

North East Parts Group LLC
120 Route 94
Blairstown, NJ 07825

Business Industry

Automotive Parts and Accessories Stores (NAICS code 441310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-05

Industry PPP Comparison Statistics

Nationwide, 11,618 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $952,726,641.00 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 9 employees, 98% lower than North East Parts Group LLC's reported 464 employees, and received an average PPP loan of $82,004, 97% lower than this company's loan of $2.82M.

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.

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/north-east-parts-group-llc-blairstown-nj