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PPP Loan Data — North East Parts Group LLC,
Blairstown, NJ
North East Parts Group LLC
Entity: Limited Liability Company (LLC)
Industry: Automotive Parts and Accessories Stores
Location: Blairstown, NJ
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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:
Jobs Retained:
464Loan Approved:
2020-04-14Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST CONorth 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.
Business Information - North East Parts Group LLC in Blairstown, NJ
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-05Industry 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.
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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