FederalPay.org
PPP Loan Data — Remington & Vernick Engineers II, Inc,
Haddonfield, NJ
Remington & Vernick Engineers II, Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Haddonfield, NJ
Tweet This
•
Search All PPP Data
Remington & Vernick Engineers II, Inc is a subchapter s corporation located at 232 Kings Hwy in Haddonfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $6,383,584.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
432Loan Approved:
2020-04-09Lender:
TD BANK, NATIONAL ASSOCIATIONRemington & Vernick Engineers II, Inc in Haddonfield, NJ received a Paycheck Protection Loan of $6.38M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Remington & Vernick Engineers II, Inc's total 2019 payroll expenses were approximately $30.64M in order to qualify for the PPP loan amount received.
Based on their reported 432 jobs retained, this equals an estimated average yearly compensation of $70,929 per employee1.
Business Information - Remington & Vernick Engineers II, Inc in Haddonfield, NJ
232 Kings Hwy
Haddonfield, NJ 8033
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-01Similar Companies near Haddonfield
In the Haddonfield area, 9 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 432) and received an average PPP loan of $1,237,336 (compared to this company's $6.38M).
Similar Nearby Businesses Who Received PPP Funding:
K2 Consulting Engineers Inc
Haddonfield, NJ
EJ Consultants LLC
Cherry Hill, NJ
Miller-Remick, LLC
Cherry Hill, NJ
KP Engineers And Associates Inc
Haddonfield, NJ
Utrs Inc
Cherry Hill, NJ
KMA Consulting Engineers, PC
Cherry Hill, NJ
J Givoo Consultants I Inc
Cherry Hill, NJ
Grey Fox Consulting, Inc.
Cherry Hill, NJ
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 97% lower than Remington & Vernick Engineers II, Inc's reported 432 employees, and received an average PPP loan of $249,856, 96% lower than this company's loan of $6.38M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!