PPP Loan Data — Protech Powder Coatings, Inc., Fairfield, NJ
Protech Powder Coatings, Inc. is a corporation located at 21 Audrey Pl in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,841,800.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Protech Powder Coatings, Inc. in Fairfield, NJ received a Paycheck Protection Loan of $2.84M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Protech Powder Coatings, Inc.'s total 2019 payroll expenses were approximately $13.64M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $65,580 per employee1.
Business Information - Protech Powder Coatings, Inc. in Fairfield, NJ
21 Audrey Pl
Fairfield, NJ 7004
Paint and Coating Manufacturing (NAICS code 325510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-11
Similar Companies near Fairfield
In the Fairfield area, 3 businesses in the "Paint and Coating Manufacturing" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 208) and received an average PPP loan of $1,586,689 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Ultra Additives LLC
Munzing North America LP
Industry PPP Comparison Statistics
Nationwide, 1,048 businesses in the "Paint and Coating Manufacturing" industry received a total of $271,012,887.00 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 18 employees, 91% lower than Protech Powder Coatings, Inc.'s reported 208 employees, and received an average PPP loan of $258,600, 91% lower than this company's loan of $2.84M.
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