PPP Loan Data — Nostrum Pharmaceuticals, LLC, Somerset, NJ
Nostrum Pharmaceuticals, LLC is a limited liability company (LLC) located at 1370 Hamilton St in Somerset, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,860,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 225 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Nostrum Pharmaceuticals, LLC in Somerset, NJ received a Paycheck Protection Loan of $2.86M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nostrum Pharmaceuticals, LLC's total 2019 payroll expenses were approximately $13.73M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $61,015 per employee1.
Business Information - Nostrum Pharmaceuticals, LLC in Somerset, NJ
1370 Hamilton St
Somerset, NJ 08873
Research and Development in Nanotechnology (NAICS code 541713)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Somerset
In the Somerset area, 2 businesses in the "Research and Development in Nanotechnology" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 225) and received an average PPP loan of $2,435,350 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
Princeton Procure Management, LLC
Industry PPP Comparison Statistics
Nationwide, 568 businesses in the "Research and Development in Nanotechnology" industry received a total of $121,547,035.00 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 12 employees, 95% lower than Nostrum Pharmaceuticals, LLC's reported 225 employees, and received an average PPP loan of $213,991, 93% lower than this company's loan of $2.86M.
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Footnotes & Information
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