PPP Loan Data — Peace Islands Institute Inc, Hasbrouck Heights, NJ
Peace Islands Institute Inc
Entity: Professional Association
Location: Hasbrouck Heights, NJTweet This • Search All PPP Data
Peace Islands Institute Inc is a professional association located at 777 Terrace Ave. Suite 109 in Hasbrouck Heights, 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
Peace Islands Institute Inc in Hasbrouck Heights, NJ received a Paycheck Protection Loan of $25,000 through WebBank, 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, Peace Islands Institute Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peace Islands Institute Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Peace Islands Institute Inc in Hasbrouck Heights, NJ
777 Terrace Ave. Suite 109
Hasbrouck Heights, NJ 7604
Research and Development in the Social Sciences and Humanities
NAICS code 541720
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, 2,700 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a total of $409.92M 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, 550% higher than Peace Islands Institute Inc's reported 2 employees, and received an average PPP loan of $151,823, 507% higher than this company's loan of $25,000.
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Footnotes & Information
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