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PPP Loan Data — Radiant Systems, Inc, South Plainfield, NJ

SBA PPP loan data, payroll data, and salaries for Radiant Systems, Inc
NJ

Radiant Systems, Inc

Entity: Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: South Plainfield, NJ

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Radiant Systems, Inc is a corporation located at 107 Corporate Blvd in South Plainfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,662,600.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 385 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.66M

Jobs Retained:

385

Loan Approved:

2020-04-27

Lender:

MID PENN BANK

Radiant Systems, Inc in South Plainfield, NJ received a Paycheck Protection Loan of $5.66M through MID PENN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Radiant Systems, Inc's total 2019 payroll expenses were approximately $27.18M in order to qualify for the PPP loan amount received.

Based on their reported 385 jobs retained, this equals an estimated average yearly compensation of $70,599 per employee1.

Because the loan received by Radiant Systems, 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 - Radiant Systems, Inc in South Plainfield, NJ

Radiant Systems, Inc
107 Corporate Blvd
South Plainfield, NJ 7080

Business Industry

All Other Professional, Scientific, and Technical Services (NAICS code 541990)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NJ-06

Similar Companies near South Plainfield

In the South Plainfield area, 20 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 385) and received an average PPP loan of $681,037 (compared to this company's $5.66M).

Industry PPP Comparison Statistics

Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, 98% lower than Radiant Systems, Inc's reported 385 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $5.66M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/radiant-systems-inc-south-plainfield-nj