PPP Loan Data — Prutech Solutions Inc, Iselin, NJ
Prutech Solutions Inc is a corporation located at 555 Us Highway 1 South in Iselin, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,578,637.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Prutech Solutions Inc in Iselin, NJ received a Paycheck Protection Loan of $2.58M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Prutech Solutions Inc's total 2019 payroll expenses were approximately $12.38M in order to qualify for the PPP loan amount received.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $55,754 per employee1.
Business Information - Prutech Solutions Inc in Iselin, NJ
555 Us Highway 1 South
Iselin, NJ 8830
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-06
Similar Companies near Iselin
In the Iselin area, 51 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 222) and received an average PPP loan of $324,048 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
A&R Infotech Inc.
Woodbridge Township, NJ
Harmony Computer Services Inc
Monroe Township, NJ
Micro Datanet, Inc
Clientserver Technology Solutions, LLC
SA Soft Inc
Monroe Twp, NJ
New York Technology Partners, Inc.
Iflowsoft Solutions Inc
Knockit Solutions Inc
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Prutech Solutions Inc's reported 222 employees, and received an average PPP loan of $200,633, 92% lower than this company's loan of $2.58M.
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