PPP Loan Data — The Arc Ocean County Chapter Inc, Lakewood, NJ
The Arc Ocean County Chapter Inc is a non-profit organization located at 815 Cedarbridge Avenue in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,077,202.00 in April, 2020.
$ PPP Loan Information
Lender:OCEANFIRST BANK, NATIONAL ASSOCIATION
The Arc Ocean County Chapter Inc in Lakewood, NJ received a Paycheck Protection Loan of $4.08M through OCEANFIRST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Arc Ocean County Chapter Inc's total 2019 payroll expenses were approximately $19.57M in order to qualify for the PPP loan amount received.
Based on their reported 488 jobs retained, this equals an estimated average yearly compensation of $40,104 per employee1.
Business Information - The Arc Ocean County Chapter Inc in Lakewood, NJ
815 Cedarbridge Avenue
Lakewood, NJ 08701
Voluntary Health Organizations (NAICS code 813212)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-04
Similar Companies near Lakewood
In the Lakewood area, 2 businesses in the "Voluntary Health Organizations" industry received a PPP loan. These local businesses reported an average of 245 employees (compared to this company's 488) and received an average PPP loan of $2,042,351 (compared to this company's $4.08M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 1,170 businesses in the "Voluntary Health Organizations" industry received a total of $300,865,194.00 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, 95% lower than The Arc Ocean County Chapter Inc's reported 488 employees, and received an average PPP loan of $257,150, 94% lower than this company's loan of $4.08M.
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Footnotes & Information
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