PPP Loan Data — Thea Enterprises LLC, Clifton, NJ
Thea Enterprises LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Clifton, NJTweet This • Search All PPP Data
Thea Enterprises LLC is a limited liability company (LLC) located at 350 Allwood Rd in Clifton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,607,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 167 people during the applicable loan loan period.
$ PPP Loan Information
Thea Enterprises LLC in Clifton, NJ received a Paycheck Protection Loan of $2.61M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Thea Enterprises LLC's total 2019 payroll expenses were approximately $12.52M in order to qualify for the PPP loan amount received.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $74,958 per employee1.
Business Information - Thea Enterprises LLC in Clifton, NJ
350 Allwood Rd
Clifton, NJ 07012
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-09
Similar Companies near Clifton
In the Clifton area, 2 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 167) and received an average PPP loan of $1,642,751 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Faber Associates Inc
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 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 15 employees, 91% lower than Thea Enterprises LLC's reported 167 employees, and received an average PPP loan of $230,211, 91% lower than this company's loan of $2.61M.
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