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PPP Loan Data — Sobel & Co, LLC Certified Public Accountants,
Livingston, NJ
Sobel & Co, LLC Certified Public Accountants
Entity: Limited Liability Company (LLC)
Industry: Offices of Certified Public Accountants
Location: Livingston, NJ
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Sobel & Co, LLC Certified Public Accountants is a limited liability company (LLC) located at 293 Eisenhower Pkwy in Livingston, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,826,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 180 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
180Loan Approved:
2020-04-08Lender:
PEAPACK-GLADSTONE BANKSobel & Co, LLC Certified Public Accountants in Livingston, NJ received a Paycheck Protection Loan of $2.83M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sobel & Co, LLC Certified Public Accountants' total 2019 payroll expenses were approximately $13.57M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $75,381 per employee1.
Business Information - Sobel & Co, LLC Certified Public Accountants in Livingston, NJ
293 Eisenhower Pkwy
Livingston, NJ 7039
Business Industry
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: NJ-11Similar Companies near Livingston
In the Livingston area, 9 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 180) and received an average PPP loan of $334,868 (compared to this company's $2.83M).
Similar Nearby Businesses Who Received PPP Funding:
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Livingston, NJ
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Abby C Shulman LLC
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Michael Delplato, CPA & Assocates, LLC
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Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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 6 employees, 97% lower than Sobel & Co, LLC Certified Public Accountants' reported 180 employees, and received an average PPP loan of $88,968, 97% lower than this company's loan of $2.83M.
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.
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