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PPP Loan Data — Trish Mcevoy LTD,
Carlstadt, NJ
Trish Mcevoy LTD
Entity: Subchapter S Corporation
Industry: Drugs and Druggists' Sundries Merchant Wholesalers
Location: Carlstadt, NJ
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Trish Mcevoy LTD is a subchapter s corporation located at 430 Commerce Blvd in Carlstadt, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #2657078407
Loan Size:
Jobs Retained:
140Loan Approved:
2021-02-03Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationTrish Mcevoy LTD in Carlstadt, NJ received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Trish Mcevoy LTD's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $68,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trish Mcevoy LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Trish Mcevoy LTD in Carlstadt, NJ
430 Commerce Blvd
Carlstadt, NJ 7072
Business Industry:
Drugs and Druggists' Sundries Merchant Wholesalers
NAICS code 424210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Carlstadt
In the Carlstadt area, 6 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 140) and received an average PPP loan of $964,208 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Seven Star Distributors Inc
Carlstadt, NJ
Kanar Inc
Carlstadt, NJ
Perfumes Unlimited Of New York Inc
Carlstadt, NJ
Poofy Organics
East Rutherford, NJ
Industry PPP Comparison Statistics
Nationwide, 3,531 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $498.94M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 90% lower than Trish Mcevoy LTD's reported 140 employees, and received an average PPP loan of $141,304, 93% lower than this company's loan of $2M.
Trish Mcevoy LTD
Entity: Subchapter S Corporation
Industry: Drugs and Druggists' Sundries Merchant Wholesalers
Location: Carlstadt, NJ
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•
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Trish Mcevoy LTD is a subchapter s corporation located at 430 Commerce Boulevard 0.0 in Carlstadt, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,552,665.00 in April, 2020.
$
PPP Loan Information
Loan #9931637005
Loan Size:
Jobs Retained:
321Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationTrish Mcevoy LTD in Carlstadt, NJ received a Paycheck Protection Loan of $3.55M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Trish Mcevoy LTD's 2019 payroll expenses are estimated to be at least $17.05M.
Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $53,124 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trish Mcevoy LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,470,665
- Utilities: $2,000
- Rent: $80,000
Business Information - Trish Mcevoy LTD in Carlstadt, NJ
430 Commerce Boulevard 0.0
Carlstadt, NJ 7072
Business Industry:
Drugs and Druggists' Sundries Merchant Wholesalers
NAICS code 424210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Carlstadt
In the Carlstadt area, 6 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 321) and received an average PPP loan of $964,208 (compared to this company's $3.55M).
Similar Nearby Businesses Who Received PPP Funding:
Seven Star Distributors Inc
Carlstadt, NJ
Kanar Inc
Carlstadt, NJ
Perfumes Unlimited Of New York Inc
Carlstadt, NJ
Poofy Organics
East Rutherford, NJ
Industry PPP Comparison Statistics
Nationwide, 3,531 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $498.94M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 96% lower than Trish Mcevoy LTD's reported 321 employees, and received an average PPP loan of $141,304, 96% lower than this company's loan of $3.55M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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