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

PPP Loan Data — The Order Of St. Benedict Of New Jersey, Morristown, NJ

SBA PPP loan data, payroll data, and salaries for The Order Of St. Benedict Of New Jersey
NJ Nonprofit Organization

The Order Of St. Benedict Of New Jersey

Entity: Non-profit Organization

Industry: Elementary and Secondary Schools

Location: Morristown, NJ

Search All PPP Data

The Order Of St. Benedict Of New Jersey is a non-profit organization located at 230 Mendham Road in Morristown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,117,892.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.12M

Jobs Retained:

155

Loan Approved:

2020-04-13

Lender:

TD BANK, NATIONAL ASSOCIATION

The Order Of St. Benedict Of New Jersey received a Paycheck Protection Loan of $3.12M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Order Of St. Benedict Of New Jersey's total 2019 payroll expenses were approximately $14.97M in order to qualify for the PPP loan amount received.

Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $96,554 per employee1.

Because the loan received by The Order Of St. Benedict Of New Jersey is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Order Of St. Benedict Of New Jersey in Morristown, NJ

The Order Of St. Benedict Of New Jersey
230 Mendham Road
Morristown, NJ 7960

Business Industry

Elementary and Secondary Schools (NAICS code 611110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-11

Similar Companies near Morristown

In the Morristown area, 10 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 155) and received an average PPP loan of $1,191,358 (compared to this company's $3.12M).

Industry PPP Comparison Statistics

Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 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 38 employees, 75% lower than The Order Of St. Benedict Of New Jersey's reported 155 employees, and received an average PPP loan of $379,166, 88% lower than this company's loan of $3.12M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-order-of-st-benedict-of-new-jersey-morristown-nj