FederalPay.org
PPP Loan Data — Softridge Technology, Inc.,
Berkeley Heights, NJ
Softridge Technology, Inc.
Entity: Corporation
Industry: Custom Computer Programming Services
Location: Berkeley Heights, NJ
Tweet This
•
Search All PPP Data
Softridge Technology, Inc. is a corporation located at 100 Killarney Drive in Berkeley Heights, New Jersey that received a Coronavirus-related PPP loan from the SBA of $12,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-29Lender:
TD BANK, NATIONAL ASSOCIATIONSoftridge Technology, Inc. received a Paycheck Protection Loan of $12,500 through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Softridge Technology, Inc.'s total 2019 payroll expenses were approximately $60,000 in order to qualify for the PPP loan amount received.
Unlike most businesses, Softridge Technology, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Softridge Technology, Inc. in Berkeley Heights, NJ
100 Killarney Drive
Berkeley Heights, NJ 7922
Business Industry
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NJ-07Similar Companies near Berkeley Heights
In the Berkeley Heights area, 9 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 0) and received an average PPP loan of $776,682 (compared to this company's $12,500).
Similar Nearby Businesses Who Received PPP Funding:
David Rosenthal
Berkeley Hts, NJ
Stonewain Systems Inc.
Berkeley Heights, NJ
Kamine International Power Corp
Bedminster, NJ
Successful Business Solutions Inc
Berkeley Heights, NJ
Wizlynx, Inc.
Bedminster, NJ
Ream Development Corporation
Berkeley Heights, NJ
Axtria, Inc.
Berkeley Heights, NJ
Thinkscreen
Berkeley Heights, NJ
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, and received an average PPP loan of $200,633, 1505% higher than this company's loan of $12,500.
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.
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!