PPP Loan Data — Print Factory Corp, Lodi, NJ
Print Factory Corp is a corporation located at 258 Westminster Pl in Lodi, New Jersey that received a Coronavirus-related PPP loan from the SBA of $45,874.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Print Factory Corp in Lodi, NJ received a Paycheck Protection Loan of $45,874 through Bank of America, National Association, which was approved in May, 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, Print Factory Corp's 2019 payroll expenses are estimated to be at least $220,195.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,699 per employee1
Reported PPP Proceed Usage:
On the PPP application, Print Factory Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,874
Business Information - Print Factory Corp in Lodi, NJ
258 Westminster Pl
Lodi, NJ 7644
Other Specialized Design Services
NAICS code 541490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lodi
In the Lodi area, 3 businesses in the "Other Specialized Design Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $22,439 (compared to this company's $45,874).
Similar Nearby Businesses Who Received PPP Funding:
Mayer Import LTD Liability Co
Little Ferry, NJ
Brimax Designs LTD
Industry PPP Comparison Statistics
Nationwide, 15,734 businesses in the "Other Specialized Design Services" industry received a total of $603.75M 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 3 employees, 50% lower than Print Factory Corp's reported 6 employees, and received an average PPP loan of $38,372, 16% lower than this company's loan of $45,874.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!