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:
Jobs Retained:
253Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONUnex 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.
Business Information - Unex Corporation in Mahwah, NJ
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-05Industry 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.
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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