PPP Loan Data — Roysons Corporation, Rockaway, NJ
Roysons Corporation is a corporation located at 40 Vandrhoof Rd in Rockaway, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,839,833.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Roysons Corporation in Rockaway, NJ received a Paycheck Protection Loan of $1.84M through Provident Bank, which was approved in April, 2020.
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, Roysons Corporation's 2019 payroll expenses are estimated to be at least $8.83M.
Based on their reported 99 jobs retained, this equals an estimated average yearly compensation of $89,204 per employee1
Reported PPP Proceed Usage:
On the PPP application, Roysons Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,839,833
Business Information - Roysons Corporation in Rockaway, NJ
40 Vandrhoof Rd
Rockaway, NJ 7866
Plastics Bag and Pouch Manufacturing
NAICS code 326111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 500 businesses in the "Plastics Bag and Pouch Manufacturing" industry received a total of $149.95M 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 31 employees, 69% lower than Roysons Corporation's reported 99 employees, and received an average PPP loan of $299,893, 84% lower than this company's loan of $1.84M.
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Footnotes & Information
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