PPP Loan Data — Team Behavioral Consultants, Hackettstown, NJ
Team Behavioral Consultants is a partnership located at 188 Winding Hill Dr in Hackettstown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,512.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Team Behavioral Consultants in Hackettstown, NJ received a Paycheck Protection Loan of $46,512 through TD Bank, National Association, 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, Team Behavioral Consultants' 2019 payroll expenses are estimated to be at least $223,258.
Based on their reported 37 jobs retained, this equals an estimated average yearly compensation of $6,034 per employee1
Reported PPP Proceed Usage:
On the PPP application, Team Behavioral Consultants reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,512
Business Information - Team Behavioral Consultants in Hackettstown, NJ
188 Winding Hill Dr
Hackettstown, NJ 7840
Educational Support Services
NAICS code 611710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hackettstown
In the Hackettstown area, 6 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 37) and received an average PPP loan of $60,213 (compared to this company's $46,512).
Similar Nearby Businesses Who Received PPP Funding:
KAS College Financial Consulting
North Jersey School Of Dance Arts Inc
International Exchange Of North America
Industry PPP Comparison Statistics
Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B 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 7 employees, 81% lower than Team Behavioral Consultants' reported 37 employees, and received an average PPP loan of $59,417, 28% higher than this company's loan of $46,512.
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Footnotes & Information
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