PPP Loan Data — Nourison Industries Inc., Saddle Brook, NJ
Nourison Industries Inc. is a subchapter s corporation located at 5 Sampson St in Saddle Brook, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,034,475.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Nourison Industries Inc. received a Paycheck Protection Loan of $5.03M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nourison Industries Inc.'s total 2019 payroll expenses were approximately $24.17M in order to qualify for the PPP loan amount received.
Based on their reported 405 jobs retained, this equals an estimated average yearly compensation of $59,668 per employee1.
Business Information - Nourison Industries Inc. in Saddle Brook, NJ
5 Sampson St
Saddle Brook, NJ 7663
Home Furnishing Merchant Wholesalers (NAICS code 423220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-09
Industry PPP Comparison Statistics
Nationwide, 3,013 businesses in the "Home Furnishing Merchant Wholesalers" industry received a total of $467,430,448.00 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, 97% lower than Nourison Industries Inc.'s reported 405 employees, and received an average PPP loan of $155,138, 97% lower than this company's loan of $5.03M.
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Footnotes & Information
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