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PPP Loan Data — Stonewain Systems Inc., Berkeley Heights, NJ

SBA PPP loan data, payroll data, and salaries for Stonewain Systems Inc.
NJ

Stonewain Systems Inc.

Entity: Corporation

Industry: Custom Computer Programming Services

Location: Berkeley Heights, NJ

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Stonewain Systems Inc. is a corporation located at 300 Connell Drive, Ste 5300 in Berkeley Heights, New Jersey that received a Coronavirus-related PPP loan from the SBA of $259,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$259,800

Jobs Retained:

30

Loan Approved:

2020-04-27

Lender:

PEAPACK-GLADSTONE BANK

Stonewain Systems Inc. received a Paycheck Protection Loan of $259,800 through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Stonewain Systems Inc.'s total 2019 payroll expenses were approximately $1.25M in order to qualify for the PPP loan amount received.

Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $41,568 per employee1.

Business Information - Stonewain Systems Inc. in Berkeley Heights, NJ

Stonewain Systems Inc.
300 Connell Drive, Ste 5300
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-07

Similar 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 30) and received an average PPP loan of $776,682 (compared to this company's $259,800).

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, 63% lower than Stonewain Systems Inc.'s reported 30 employees, and received an average PPP loan of $200,633, 23% lower than this company's loan of $259,800.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/stonewain-systems-inc-berkeley-heights-nj