PPP Loan Data — Plaber America, Inc, Moonachie, NJ
Plaber America, Inc is a corporation located at 240 Anderson Avenue in Moonachie, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,942.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:TD Bank, National Association
Plaber America, Inc in Moonachie, NJ received a Paycheck Protection Loan of $24,942 through TD Bank, National Association, which was approved in July, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Plaber America, Inc's 2019 payroll expenses are estimated to be at least $119,722.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,861 per employee1
Reported PPP Proceed Usage:
On the PPP application, Plaber America, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,942
Business Information - Plaber America, Inc in Moonachie, NJ
240 Anderson Avenue
Moonachie, NJ 7074
Industrial Supplies Merchant Wholesalers
NAICS code 423840
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Moonachie
In the Moonachie area, 4 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 2) and received an average PPP loan of $248,741 (compared to this company's $24,942).
Similar Nearby Businesses Who Received PPP Funding:
Beacut Abrasives Corp Of NJ
East Rutherford, NJ
World Packaging, Inc
Wood Ridge, NJ
President Industrial Products, LLC
Industry PPP Comparison Statistics
Nationwide, 6,397 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $1.02B 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 Plaber America, Inc's reported 2 employees, and received an average PPP loan of $160,215, 542% higher than this company's loan of $24,942.
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Footnotes & Information
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