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PPP Loan Data — PCS Wireless LLC, Florham Park, NJ

SBA PPP loan data, payroll data, and salaries for PCS Wireless LLC
NJ

PCS Wireless LLC

Entity: Limited Liability Company (LLC)

Industry: Other Miscellaneous Durable Goods Merchant Wholesalers

Location: Florham Park, NJ

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PCS Wireless LLC is a limited liability company (LLC) located at 11 Vreeland Rd in Florham Park, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,791,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.79M

Jobs Retained:

461

Loan Approved:

2020-04-13

Lender:

NEWTEK SMALL BUSINESS FINANCE, INC.

PCS Wireless LLC in Florham Park, NJ received a Paycheck Protection Loan of $2.79M through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, PCS Wireless LLC's total 2019 payroll expenses were approximately $13.4M in order to qualify for the PPP loan amount received.

Based on their reported 461 jobs retained, this equals an estimated average yearly compensation of $29,061 per employee1.

Because the loan received by PCS Wireless LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - PCS Wireless LLC in Florham Park, NJ

PCS Wireless LLC
11 Vreeland Rd
Florham Park, NJ 7932

Business Industry

Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS code 423990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-11

Similar Companies near Florham Park

In the Florham Park area, 2 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 461) and received an average PPP loan of $1,405,968 (compared to this company's $2.79M).

Similar Nearby Businesses Who Received PPP Funding:

Blue Clivia Trading LLC
Florham Park, NJ

$20,835 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 12,909 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1,253,322,545.00 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, 98% lower than PCS Wireless LLC's reported 461 employees, and received an average PPP loan of $97,089, 97% lower than this company's loan of $2.79M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pcs-wireless-llc-florham-park-nj