PPP Loan Data — Professional Security Broadband, Inc., Nutley, NJ
Professional Security Broadband, Inc. is a subchapter s corporation located at 43 River Road in Nutley, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,575,972.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Professional Security Broadband, Inc. received a Paycheck Protection Loan of $2.58M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Professional Security Broadband, Inc.'s total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $85,866 per employee1.
Business Information - Professional Security Broadband, Inc. in Nutley, NJ
43 River Road
Nutley, NJ 7110
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-11
Similar Companies near Nutley
In the Nutley area, 8 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 144) and received an average PPP loan of $467,571 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
Jamatt Enterprises Inc
Skyline Scaffolding Group, Inc.
232 Vermont Ave LLC
Contemporary Glass Service, Inc.
B&G Installation Services LLC
D'Elia Electric, Inc.
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 94% lower than Professional Security Broadband, Inc.'s reported 144 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $2.58M.
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Footnotes & Information
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