PPP Loan Data — Tyler Distribution Centers, Inc, Cranbury, NJ
Tyler Distribution Centers, Inc
Entity: Subchapter S Corporation
Location: Cranbury, NJTweet This • Search All PPP Data
Tyler Distribution Centers, Inc is a subchapter s corporation located at 200 Liberty Way in Cranbury, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,768,764.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The MINT National Bank
Tyler Distribution Centers, Inc in Cranbury, NJ received a Paycheck Protection Loan of $2.77M through The MINT National Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Tyler Distribution Centers, Inc's 2019 payroll expenses are estimated to be at least $13.29M.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $70,318 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tyler Distribution Centers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,768,764
Business Information - Tyler Distribution Centers, Inc in Cranbury, NJ
200 Liberty Way
Cranbury, NJ 8512
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cranbury
In the Cranbury area, 4 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 189) and received an average PPP loan of $857,785 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
S&D Transfer Logistics, Inc
FBM Baking Machines Inc
Continental Logistics, Inc
Industry PPP Comparison Statistics
Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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 8 employees, 96% lower than Tyler Distribution Centers, Inc's reported 189 employees, and received an average PPP loan of $87,532, 97% lower than this company's loan of $2.77M.
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Footnotes & Information
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