Unex Corporation in Mahwah, NJ - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Unex Corporation, Mahwah, NJ

Unex Corporation

Entity: Subchapter S Corporation

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Mahwah, NJ

Unex Corporation is a subchapter s corporation located at 333 Route 17 North in Mahwah, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,365,674.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.37M

Jobs Retained:

253

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Unex Corporation in Mahwah, NJ received a Paycheck Protection Loan of $4.37M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Unex Corporation's total 2019 payroll expenses were approximately $20.96M in order to qualify for the PPP loan amount received.

Based on their reported 253 jobs retained, this equals an estimated average yearly compensation of $82,827 per employee¹.

Because the loan received by Unex Corporation 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 - Unex Corporation in Mahwah, NJ

Unex Corporation
333 Route 17 North
Mahwah, NJ 07430

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-05

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 94% lower than Unex Corporation's reported 253 employees, and received an average PPP loan of $234,110, 95% lower than this company's loan of $4.37M.

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.

Search FederalPay's Full PPP Loan Database

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.

Have FederalPay.org's open data tools been valuable? Consider donating!