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PPP Loan Data — Triangle Manufacturing Co Inc, Upper Saddle River, NJ

SBA PPP loan data, payroll data, and salaries for Triangle Manufacturing Co Inc
NJ

Triangle Manufacturing Co Inc

Entity: Corporation

Industry: Surgical and Medical Instrument Manufacturing

Location: Upper Saddle River, NJ

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Triangle Manufacturing Co Inc is a corporation located at 25 Park Way in Upper Saddle River, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,259,622.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.26M

Jobs Retained:

211

Loan Approved:

2020-04-14

Lender:

SANTANDER BANK, NATIONAL ASSOCIATION

Triangle Manufacturing Co Inc in Upper Saddle River, NJ received a Paycheck Protection Loan of $4.26M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Triangle Manufacturing Co Inc's total 2019 payroll expenses were approximately $20.45M in order to qualify for the PPP loan amount received.

Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $96,901 per employee1.

Because the loan received by Triangle Manufacturing Co Inc 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 - Triangle Manufacturing Co Inc in Upper Saddle River, NJ

Triangle Manufacturing Co Inc
25 Park Way
Upper Saddle River, NJ 07458

Business Industry

Surgical and Medical Instrument Manufacturing (NAICS code 339112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-05

Industry PPP Comparison Statistics

Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 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 18 employees, 91% lower than Triangle Manufacturing Co Inc's reported 211 employees, and received an average PPP loan of $296,016, 93% lower than this company's loan of $4.26M.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/triangle-manufacturing-co-inc-upper-saddle-river-nj