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PPP Loan Data — PMC Organometallix Inc, Mount Laurel, NJ

SBA PPP loan data, payroll data, and salaries for PMC Organometallix Inc
NJ

PMC Organometallix Inc

Entity: Corporation

Industry: All Other Basic Organic Chemical Manufacturing

Location: Mount Laurel, NJ

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PMC Organometallix Inc is a corporation located at 1288 Route 73 in Mount Laurel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,601,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.6M

Jobs Retained:

198

Loan Approved:

2020-04-11

Lender:

PNC BANK, NATIONAL ASSOCIATION

PMC Organometallix Inc received a Paycheck Protection Loan of $3.6M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, PMC Organometallix Inc's total 2019 payroll expenses were approximately $17.29M in order to qualify for the PPP loan amount received.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $87,302 per employee1.

Because the loan received by PMC Organometallix Inc 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 - PMC Organometallix Inc in Mount Laurel, NJ

PMC Organometallix Inc
1288 Route 73
Mount Laurel, NJ 8054

Business Industry

All Other Basic Organic Chemical Manufacturing (NAICS code 325199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-03

Similar Companies near Mount Laurel

In the Mount Laurel area, 2 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 198) and received an average PPP loan of $1,851,900 (compared to this company's $3.6M).

Similar Nearby Businesses Who Received PPP Funding:

Weldons Chemical LLC
Mount Laurel, NJ

$102,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 494 businesses in the "All Other Basic Organic Chemical Manufacturing" industry received a total of $174,933,064.00 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 19 employees, 90% lower than PMC Organometallix Inc's reported 198 employees, and received an average PPP loan of $354,116, 90% lower than this company's loan of $3.6M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/pmc-organometallix-inc-mount-laurel-nj