PPP Loan Data — Thermwell Products Co, Inc, Mahwah, NJ
Thermwell Products Co, Inc
Location: Mahwah, NJTweet This • Search All PPP Data
Thermwell Products Co, Inc is a corporation located at 420 Route 17 South in Mahwah, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,454,120.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Thermwell Products Co, Inc in Mahwah, NJ received a Paycheck Protection Loan of $2.45M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Thermwell Products Co, Inc's total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $47,119 per employee1.
Business Information - Thermwell Products Co, Inc in Mahwah, NJ
420 Route 17 South
Mahwah, NJ 7430
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-05
Similar Companies near Mahwah
In the Mahwah area, 7 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 250) and received an average PPP loan of $379,684 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Goal Merchandising LLC
Tumble In Dry Cleaners LLC
Worldwide Book Services Inc
Encore Events, LTD
New Mahwah Nail Inc
Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Thermwell Products Co, Inc's reported 250 employees, and received an average PPP loan of $50,641, 98% lower than this company's loan of $2.45M.
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