PPP Loan Data — TFC Partners Inc., Asbury Park, NJ
TFC Partners Inc. is a corporation located at 700 Bangs Ave #3 in Asbury Park, New Jersey that received a Coronavirus-related PPP loan from the SBA of $7,161,500.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HOME BANK
TFC Partners Inc. received a Paycheck Protection Loan of $7.16M through FIRST HOME BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, TFC Partners Inc.'s total 2019 payroll expenses were approximately $34.38M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,750 per employee1.
Business Information - TFC Partners Inc. in Asbury Park, NJ
700 Bangs Ave #3
Asbury Park, NJ 7712
Facilities Support Services (NAICS code 561210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-04
Industry PPP Comparison Statistics
Nationwide, 1,765 businesses in the "Facilities Support Services" industry received a total of $434,144,705.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than TFC Partners Inc.'s reported 500 employees, and received an average PPP loan of $245,974, 97% lower than this company's loan of $7.16M.
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Footnotes & Information
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