PPP Loan Data — Partnership Printing LLC, Spring Lake, NJ
Partnership Printing LLC is a limited liability company (LLC) located at 600 Warren Ave in Spring Lake, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,384.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Partnership Printing LLC in Spring Lake, NJ received a Paycheck Protection Loan of $25,384 through Loan Source Incorporated, 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, Partnership Printing LLC's 2019 payroll expenses are estimated to be at least $121,843.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,922 per employee1
Reported PPP Proceed Usage:
On the PPP application, Partnership Printing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,384
Business Information - Partnership Printing LLC in Spring Lake, NJ
600 Warren Ave
Spring Lake, NJ 7762
All Other Support Services
NAICS code 561990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Spring Lake
In the Spring Lake area, 3 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,752 (compared to this company's $25,384).
Similar Nearby Businesses Who Received PPP Funding:
HAY Fine Art LLC
Spring Lake, NJ
Spring Lake, NJ
Industry PPP Comparison Statistics
Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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 7 employees, 250% higher than Partnership Printing LLC's reported 2 employees, and received an average PPP loan of $50,635, 99% higher than this company's loan of $25,384.
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Footnotes & Information
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