PPP Loan Data — Rangam Consultants Inc, Somerset, NJ
Rangam Consultants Inc is a limited liability company (LLC) located at 270 Davidson Avenue Suite 103 in Somerset, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,080,000.00 in April, 2020.
$ PPP Loan Information
Lender:FULTON BANK, NATIONAL ASSOCIATION
Rangam Consultants Inc received a Paycheck Protection Loan of $4.08M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rangam Consultants Inc's total 2019 payroll expenses were approximately $19.58M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $55,954 per employee1.
Business Information - Rangam Consultants Inc in Somerset, NJ
270 Davidson Avenue Suite 103
Somerset, NJ 8873
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Somerset
In the Somerset area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 295 employees (compared to this company's 350) and received an average PPP loan of $3,915,000 (compared to this company's $4.08M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 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 61 employees, 83% lower than Rangam Consultants Inc's reported 350 employees, and received an average PPP loan of $608,834, 85% lower than this company's loan of $4.08M.
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Footnotes & Information
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