PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Professional Security Broadband, Inc., Nutley, NJ

SBA PPP loan data, payroll data, and salaries for Professional Security Broadband, Inc.
NJ

Professional Security Broadband, Inc.

Entity: Subchapter S Corporation

Industry: All Other Specialty Trade Contractors

Location: Nutley, NJ

Search All PPP Data

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

Loan Size:

$2.58M

Jobs Retained:

144

Loan Approved:

2020-04-15

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.

Because the loan received by Professional Security Broadband, 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 - Professional Security Broadband, Inc. in Nutley, NJ

Professional Security Broadband, Inc.
43 River Road
Nutley, NJ 7110

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/professional-security-broadband-inc-nutley-nj