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PPP Loan Data — Pamarco Global Graphics Inc,
Roselle, NJ
Pamarco Global Graphics Inc
Entity: Corporation
Industry: Support Activities for Printing
Location: Roselle, NJ
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Pamarco Global Graphics Inc is a corporation located at 235 E 11th Ave in Roselle, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #1267638507
Loan Size:
Jobs Retained:
155Loan Approved:
2021-02-18Loan Status:
Ongoing LoanLender:
Comerica BankPamarco Global Graphics Inc in Roselle, NJ received a Paycheck Protection Loan of $2M through Comerica Bank, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Pamarco Global Graphics Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $61,935 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pamarco Global Graphics Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Pamarco Global Graphics Inc in Roselle, NJ
235 E 11th Ave
Roselle, NJ 7203
Business Industry:
Support Activities for Printing
NAICS code 323120
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,673 businesses in the "Support Activities for Printing" industry received a total of $197.09M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 93% lower than Pamarco Global Graphics Inc's reported 155 employees, and received an average PPP loan of $117,807, 94% lower than this company's loan of $2M.
Pamarco Global Graphics, Inc
Entity: Corporation
Industry: Commercial Printing (except Screen and Books)
Location: Roselle, NJ
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Pamarco Global Graphics, Inc is a corporation located at 235 E 11th Ave in Roselle, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,988,800.00 in April, 2020.
$
PPP Loan Information
Loan #4131177106
Loan Size:
Jobs Retained:
184Loan Approved:
2020-04-12Loan Status:
Ongoing LoanLender:
Comerica BankPamarco Global Graphics, Inc in Roselle, NJ received a Paycheck Protection Loan of $2.99M through Comerica Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Pamarco Global Graphics, Inc's 2019 payroll expenses are estimated to be at least $14.35M.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $77,969 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pamarco Global Graphics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,391,098
- Mortgage Interest: $597,702
Business Information - Pamarco Global Graphics, Inc in Roselle, NJ
235 E 11th Ave
Roselle, NJ 7203
Business Industry:
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Roselle
In the Roselle area, 4 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 184) and received an average PPP loan of $934,382 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Global Force Management LLC
Roselle, NJ
AJ Images Inc
Roselle, NJ
Industry PPP Comparison Statistics
Nationwide, 22,204 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.01B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 93% lower than Pamarco Global Graphics, Inc's reported 184 employees, and received an average PPP loan of $135,393, 95% lower than this company's loan of $2.99M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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