PPP Loan Data — PJM Mechanical Contractors, Inc., Ewing, NJ
PJM Mechanical Contractors, Inc.
Location: Ewing, NJTweet This • Search All PPP Data
PJM Mechanical Contractors, Inc. is a corporation located at 1688 Fifth Street in Ewing, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,506,057.00 in July, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least 50 people during the applicable loan loan period.
$ PPP Loan Information
PJM Mechanical Contractors, Inc. in Ewing, NJ received a Paycheck Protection Loan of $3.51M through COLUMBIA BANK, which was approved in July, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 50 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 168.
Based on standard PPP eligibility rules, PJM Mechanical Contractors, Inc.'s total 2019 payroll expenses were approximately $16.83M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 50 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - PJM Mechanical Contractors, Inc. in Ewing, NJ
1688 Fifth Street
Ewing, NJ 08638
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: BLACK OR AFRICAN AMERICAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-12
Similar Companies near Ewing
In the Ewing area, 6 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 50) and received an average PPP loan of $829,110 (compared to this company's $3.51M).
Similar Nearby Businesses Who Received PPP Funding:
Scott Testing Inc.
KSB Electronics Inc
AC Scott Electric Co Inc
Bauer And Bauer Electric Inc.
East Coast Electrical And Construction Contractors, Inc.
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 76% lower than PJM Mechanical Contractors, Inc.'s reported 50 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.51M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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