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PPP Loan Data — Uceda Enterprises Inc,
Fairfield, NJ
Uceda Enterprises Inc
Entity: Corporation
Industry: Administrative Management and General Management Consulting Services
Location: Fairfield, NJ
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Uceda Enterprises Inc is a corporation located at 695 Us 46 Suite 104 in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $60,300.00 in February, 2021.
$ PPP Loan Information Loan #2629338503
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-20Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationUceda Enterprises Inc in Fairfield, NJ received a Paycheck Protection Loan of $60,300 through Wells Fargo Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Uceda Enterprises Inc's 2019 payroll expenses are estimated to be at least $289,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $72,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Uceda Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $60,295
- Utilities: $1
Business Information - Uceda Enterprises Inc in Fairfield, NJ
695 Us 46 Suite 104
Fairfield, NJ 7004
Business Industry:
Administrative Management and General Management Consulting Services
NAICS code 541611
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 Fairfield
In the Fairfield area, 36 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 4) and received an average PPP loan of $95,536 (compared to this company's $60,300).
Similar Nearby Businesses Who Received PPP Funding:
Jon P Betlow
Fairfield, NJ
Lyle Weintraub
Fairfield, NJ
Joseph Colatruglio
Boonton, NJ
Lamont Financial Services Corporation
Fairfield, NJ
Breslauer Contractors LLC
Boonton, NJ
Matthew Villani
Boonton, NJ
MMD Group LLC
Boonton, NJ
Profit First Professionals LLC
Boonton, NJ
Michael Boudway
Boonton, NJ
Industry PPP Comparison Statistics
Nationwide, 74,586 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5,067,925,067.00 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, 50% higher than Uceda Enterprises Inc's reported 4 employees, and received an average PPP loan of $67,947, 13% higher than this company's loan of $60,300.
Uceda Enterprises Inc
Entity: Corporation
Industry:
Location: Fairfield, NJ
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Uceda Enterprises Inc is a corporation located at 695 Us 46 Suite 104 in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $60,122.00 in May, 2020.
$ PPP Loan Information Loan #4888267710
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationUceda Enterprises Inc in Fairfield, NJ received a Paycheck Protection Loan of $60,122 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Uceda Enterprises Inc's 2019 payroll expenses are estimated to be at least $288,586.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $72,147 per employee1
Reported PPP Proceed Usage:
On the PPP application, Uceda Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $60,122
Business Information - Uceda Enterprises Inc in Fairfield, NJ
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
Industry PPP Comparison Statistics
Nationwide, 0 businesses in the "" industry received a total of $0.00 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 0 employees, 100% lower than Uceda Enterprises Inc's reported 4 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $60,122.
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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