PPP Loan Data — Tower Road Distributor's Inc., Dayton, NJ
Tower Road Distributor's Inc. is a corporation located at 60 Tower Rd in Dayton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,924,672.00 in April, 2020.
$ PPP Loan Information
Tower Road Distributor's Inc. in Dayton, NJ received a Paycheck Protection Loan of $2.92M through PARKE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tower Road Distributor's Inc.'s total 2019 payroll expenses were approximately $14.04M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $62,953 per employee1.
Business Information - Tower Road Distributor's Inc. in Dayton, NJ
60 Tower Rd
Dayton, NJ 08810
General Warehousing and Storage (NAICS code 493110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Dayton
In the Dayton area, 5 businesses in the "General Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 223) and received an average PPP loan of $878,446 (compared to this company's $2.92M).
Similar Nearby Businesses Who Received PPP Funding:
Essential Logistics & Fulfillment LLC
Propak Development, Inc.
North East Unloading Group, LLC
Industry PPP Comparison Statistics
Nationwide, 3,025 businesses in the "General Warehousing and Storage" industry received a total of $593,729,644.00 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 19 employees, 91% lower than Tower Road Distributor's Inc.'s reported 223 employees, and received an average PPP loan of $196,274, 93% lower than this company's loan of $2.92M.
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Footnotes & Information
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