PPP Loan Data — Reliable Security Service Inc, Rockaway, NJ
Reliable Security Service Inc
Location: Rockaway, NJTweet This • Search All PPP Data
Reliable Security Service Inc is a corporation located at 37 Mountain Ave in Rockaway, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,929.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Reliable Security Service Inc in Rockaway, NJ received a Paycheck Protection Loan of $24,929 through PNC Bank, National Association, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Reliable Security Service Inc's 2019 payroll expenses are estimated to be at least $119,659.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,886 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reliable Security Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,926
Business Information - Reliable Security Service Inc in Rockaway, NJ
37 Mountain Ave
Rockaway, NJ 7866
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rockaway
In the Rockaway area, 18 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $78,916 (compared to this company's $24,929).
Similar Nearby Businesses Who Received PPP Funding:
Volt Electric LLC
Lynch Contracting LLC
Dean Quilici Electrical Contractor, LLC
Mike's Electrical Contracting LLC
All Phase Electric & Security Tech, Limited Liability Compan
Abode Electric LLC-Sba Small 7A Term
Lanyi & Tevald Inc
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 267% higher than Reliable Security Service Inc's reported 3 employees, and received an average PPP loan of $142,494, 472% higher than this company's loan of $24,929.
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Footnotes & Information
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