PPP Loan Data — Obanta LLC, Bridgewater, NJ
Obanta LLC is a limited liability company (LLC) located at 1065 Us Highway 22 Ste 3 in Bridgewater, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,832,500.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least 275 people during the applicable loan loan period.
$ PPP Loan Information
Obanta LLC in Bridgewater, NJ received a Paycheck Protection Loan of $2.83M through RADIUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Obanta LLC's total 2019 payroll expenses were approximately $13.6M in order to qualify for the PPP loan amount received.
Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $49,440 per employee1.
Business Information - Obanta LLC in Bridgewater, NJ
1065 Us Highway 22 Ste 3
Bridgewater, NJ 8807
Offices of Physicians, Mental Health Specialists (NAICS code 621112)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-07
Industry PPP Comparison Statistics
Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 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 8 employees, 97% lower than Obanta LLC's reported 275 employees, and received an average PPP loan of $95,009, 97% lower than this company's loan of $2.83M.
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Footnotes & Information
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