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

PPP Loan Data — Thea Enterprises LLC, Clifton, NJ

SBA PPP loan data, payroll data, and salaries for Thea Enterprises LLC
NJ

Thea Enterprises LLC

Entity: Limited Liability Company (LLC)

Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers

Location: Clifton, NJ

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

Loan Size:

$2.61M

Jobs Retained:

167

Loan Approved:

2020-04-11

Lender:

PEAPACK-GLADSTONE BANK

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.

Because the loan received by Thea Enterprises LLC 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 - Thea Enterprises LLC in Clifton, NJ

Thea Enterprises LLC
350 Allwood Rd
Clifton, NJ 07012

Business Industry

Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers (NAICS code 423610)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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
Clifton, NJ

$677,602 PPP Loan

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.

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, 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/thea-enterprises-llc-clifton-nj