PPP Loan Data — Paparozzi Associates Inc, Lodi, NJ
Paparozzi Associates Inc
Location: Lodi, NJTweet This • Search All PPP Data
Paparozzi Associates Inc is a corporation located at 149 Westervelt Place in Lodi, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Paparozzi Associates Inc in Lodi, NJ received a Paycheck Protection Loan of $25,000 through TD Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Paparozzi Associates Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paparozzi Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Paparozzi Associates Inc in Lodi, NJ
149 Westervelt Place
Lodi, NJ 7644
Surveying and Mapping (except Geophysical) Services
NAICS code 541370
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,535 businesses in the "Surveying and Mapping (except Geophysical) Services" industry received a total of $521.74M 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 8 employees, 100% higher than Paparozzi Associates Inc's reported 4 employees, and received an average PPP loan of $94,261, 277% higher than this company's loan of $25,000.
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Footnotes & Information
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