PPP Loan Data — Roosevelt Paper Co, Mount Laurel, NJ
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
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.
Business Information - Roosevelt Paper Co in Mount Laurel, NJ
1 Roosevelt Dr
Mount Laurel, NJ 8054
Printing and Writing Paper Merchant Wholesalers (NAICS code 424110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
The Printing, Fulfillment And Mailing Group, LLC
Shades Of Paper, Inc
Mount Laurel, NJ
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.
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Footnotes & Information
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