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PPP Loan Data — Protech Powder Coatings, Inc.,
Fairfield, NJ
Protech Powder Coatings, Inc.
Entity: Corporation
Industry: Paint and Coating Manufacturing
Location: Fairfield, NJ
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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
Loan Size:
Jobs Retained:
208Loan Approved:
2020-04-14Lender:
PNC BANK, NATIONAL ASSOCIATIONProtech 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
Business Industry
Paint and Coating Manufacturing (NAICS code 325510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-11Similar 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
Bloomfield, NJ
Munzing North America LP
Bloomfield, NJ
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.
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, and is published unmodified, as provided by the SBA.
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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