PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Roosevelt Paper Co, Mount Laurel, NJ

SBA PPP loan data, payroll data, and salaries for Roosevelt Paper Co
NJ

Roosevelt Paper Co

Entity: Subchapter S Corporation

Industry: Printing and Writing Paper Merchant Wholesalers

Location: Mount Laurel, NJ

Search All PPP Data

Roosevelt Paper Co is a subchapter s corporation located at 1 Roosevelt Dr in Mount Laurel, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,552,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.55M

Jobs Retained:

293

Loan Approved:

2020-04-15

Lender:

PNC BANK, NATIONAL ASSOCIATION

Roosevelt Paper Co received a Paycheck Protection Loan of $4.55M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Roosevelt Paper Co's total 2019 payroll expenses were approximately $21.85M in order to qualify for the PPP loan amount received.

Based on their reported 293 jobs retained, this equals an estimated average yearly compensation of $74,572 per employee1.

Because the loan received by Roosevelt Paper Co 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 - Roosevelt Paper Co in Mount Laurel, NJ

Roosevelt Paper Co
1 Roosevelt Dr
Mount Laurel, NJ 8054

Business Industry

Printing and Writing Paper Merchant Wholesalers (NAICS code 424110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-03

Similar Companies near Mount Laurel

In the Mount Laurel area, 3 businesses in the "Printing and Writing Paper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 293) and received an average PPP loan of $1,590,798 (compared to this company's $4.55M).

Industry PPP Comparison Statistics

Nationwide, 630 businesses in the "Printing and Writing Paper Merchant Wholesalers" industry received a total of $97,755,876.00 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 12 employees, 96% lower than Roosevelt Paper Co's reported 293 employees, and received an average PPP loan of $155,168, 97% lower than this company's loan of $4.55M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/roosevelt-paper-co-mount-laurel-nj