PPP Loan Data — RAB Lighting Inc, Northvale, NJ
RAB Lighting Inc
Entity: Subchapter S Corporation
Location: Northvale, NJTweet This • Search All PPP Data
RAB Lighting Inc is a subchapter s corporation located at 170 Ludlow Ave in Northvale, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,993,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
RAB Lighting Inc received a Paycheck Protection Loan of $6.99M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, RAB Lighting Inc's total 2019 payroll expenses were approximately $33.57M in order to qualify for the PPP loan amount received.
Based on their reported 390 jobs retained, this equals an estimated average yearly compensation of $86,073 per employee1.
Business Information - RAB Lighting Inc in Northvale, NJ
170 Ludlow Ave
Northvale, NJ 7647
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-05
Industry PPP Comparison Statistics
Nationwide, 688 businesses in the "Commercial, Industrial, and Institutional Electric Lighting Fixture Manufacturing" industry received a total of $189,320,355.00 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 20 employees, 95% lower than RAB Lighting Inc's reported 390 employees, and received an average PPP loan of $275,175, 96% lower than this company's loan of $6.99M.
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Footnotes & Information
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