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

PPP Loan Data — Rose Brand Wipers Inc, Secaucus, NJ

ALERT: There are 2 PPP loans for a total of $7.95M in our database for businesses with the name "Rose Brand Wipers Inc" in Secaucus, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Rose Brand Wipers Inc
NJ

Rose Brand Wipers Inc

Entity: Subchapter S Corporation

Industry: Other Professional Equipment and Supplies Merchant Wholesalers

Location: Secaucus, NJ

Search All PPP Data

Rose Brand Wipers Inc is a subchapter s corporation located at 4 Emerson Ln in Secaucus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information Loan #3211718409

Loan Size:

$2M

Jobs Retained:

266

Loan Approved:

2021-02-04

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Rose Brand Wipers Inc in Secaucus, NJ received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rose Brand Wipers Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $36,090 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rose Brand Wipers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Rose Brand Wipers Inc 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 - Rose Brand Wipers Inc in Secaucus, NJ

Rose Brand Wipers Inc
4 Emerson Ln
Secaucus, NJ 7094

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hudson County, NJ — SBA Office 0299 — Congressional District: NJ-09

Similar Companies near Secaucus

In the Secaucus area, 2 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 335 employees (compared to this company's 266) and received an average PPP loan of $3,975,685 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Rose Brand Wipers, Inc
Secaucus, NJ

$5.95M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,012 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a total of $261,780,718.00 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 11 employees, 96% lower than Rose Brand Wipers Inc's reported 266 employees, and received an average PPP loan of $130,110, 93% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Rose Brand Wipers, Inc
NJ

Rose Brand Wipers, Inc

Entity: Subchapter S Corporation

Industry: Other Professional Equipment and Supplies Merchant Wholesalers

Location: Secaucus, NJ

Search All PPP Data

Rose Brand Wipers, Inc is a subchapter s corporation located at 4 Emerson Lane 0.0 in Secaucus, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,951,370.00 in April, 2020.

$ PPP Loan Information Loan #1528977104

Loan Size:

$5.95M

Jobs Retained:

403

Loan Approved:

2020-04-10

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Rose Brand Wipers, Inc in Secaucus, NJ received a Paycheck Protection Loan of $5.95M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Rose Brand Wipers, Inc's 2019 payroll expenses are estimated to be at least $28.57M.

Based on their reported 403 jobs retained, this equals an estimated average yearly compensation of $70,885 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rose Brand Wipers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,726,370
  • Utilities: $150,000
  • Mortgage Interest: $150,000
  • Rent: $600,000
  • Health Care: $225,000
  • Debt Interest: $100,000
Because the loan received by Rose Brand Wipers, Inc 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 - Rose Brand Wipers, Inc in Secaucus, NJ

Rose Brand Wipers, Inc
4 Emerson Lane 0.0
Secaucus, NJ 7094

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Hudson County, NJ — SBA Office 0299 — Congressional District: NJ-09

Similar Companies near Secaucus

In the Secaucus area, 2 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 335 employees (compared to this company's 403) and received an average PPP loan of $3,975,685 (compared to this company's $5.95M).

Similar Nearby Businesses Who Received PPP Funding:

Rose Brand Wipers Inc
Secaucus, NJ

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,012 businesses in the "Other Professional Equipment and Supplies Merchant Wholesalers" industry received a total of $261,780,718.00 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 11 employees, 97% lower than Rose Brand Wipers, Inc's reported 403 employees, and received an average PPP loan of $130,110, 98% lower than this company's loan of $5.95M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rose-brand-wipers-inc-secaucus-nj