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

PPP Loan Data — Steven T Cirillo CPA LLC, Westwood, NJ

ALERT: There are 2 PPP loans for a total of $44,237 in our database for businesses with the name "Steven T Cirillo CPA LLC" in Westwood, 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 Steven T Cirillo CPA LLC
NJ

Steven T Cirillo CPA LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Certified Public Accountants

Location: Westwood, NJ

Search All PPP Data

Steven T Cirillo CPA LLC is a limited liability company (LLC) located at 345 Kinderkamack Rd Ste C in Westwood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $19,237.00 in March, 2021.

$ PPP Loan Information
Loan #7191108501

Loan Size:

$19,237

Jobs Retained:

3

Loan Approved:

2021-03-05

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

Steven T Cirillo CPA LLC in Westwood, NJ received a Paycheck Protection Loan of $19,237 through TD Bank, National Association, which was approved in March, 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, Steven T Cirillo CPA LLC's 2019 payroll expenses are estimated to be at least $92,338.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $30,779 per employee1

Reported PPP Proceed Usage:

On the PPP application, Steven T Cirillo CPA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,236
  • Utilities: $1

Business Information - Steven T Cirillo CPA LLC in Westwood, NJ

Steven T Cirillo CPA LLC
345 Kinderkamack Rd Ste C
Westwood, NJ 7675

Business Industry:
Offices of Certified Public Accountants
NAICS code 541211

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

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near Westwood

In the Westwood area, 12 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $54,293 (compared to this company's $19,237).

Industry PPP Comparison Statistics

Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 100% higher than Steven T Cirillo CPA LLC's reported 3 employees, and received an average PPP loan of $73,772, 283% higher than this company's loan of $19,237.

SBA PPP loan data, payroll data, and salaries for Steven T Cirillo, CPA LLC
NJ

Steven T Cirillo, CPA LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Certified Public Accountants

Location: Westwood, NJ

Search All PPP Data

Steven T Cirillo, CPA LLC is a limited liability company (LLC) located at 345 Kinderkamack Road Suite C in Westwood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.

$ PPP Loan Information
Loan #4150198005

Loan Size:

$25,000

Jobs Retained:

2

Loan Approved:

2020-06-25

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

Steven T Cirillo, CPA LLC in Westwood, NJ received a Paycheck Protection Loan of $25,000 through TD Bank, National Association, which was approved in June, 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, Steven T Cirillo, CPA LLC's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Steven T Cirillo, CPA LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Steven T Cirillo, CPA LLC in Westwood, NJ

Steven T Cirillo, CPA LLC
345 Kinderkamack Road Suite C
Westwood, NJ 7675

Business Industry:
Offices of Certified Public Accountants
NAICS code 541211

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

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near Westwood

In the Westwood area, 12 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $54,293 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 200% higher than Steven T Cirillo, CPA LLC's reported 2 employees, and received an average PPP loan of $73,772, 195% higher than this company's loan of $25,000.

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/steven-t-cirillo-cpa-llc-westwood-nj