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PPP Loan Data — United Envlope, LLC, Ridgefield, NJ

SBA PPP loan data, payroll data, and salaries for United Envlope, LLC
NJ

United Envlope, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Converted Paper Product Manufacturing

Location: Ridgefield, NJ

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United Envlope, LLC is a limited liability company (LLC) located at 65 Railroad Avenue in Ridgefield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,641,015.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.64M

Jobs Retained:

362

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

United Envlope, LLC in Ridgefield, NJ received a Paycheck Protection Loan of $4.64M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, United Envlope, LLC's total 2019 payroll expenses were approximately $22.28M in order to qualify for the PPP loan amount received.

Based on their reported 362 jobs retained, this equals an estimated average yearly compensation of $61,538 per employee1.

Because the loan received by United Envlope, LLC 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 - United Envlope, LLC in Ridgefield, NJ

United Envlope, LLC
65 Railroad Avenue
Ridgefield, NJ 7657

Business Industry

All Other Converted Paper Product Manufacturing (NAICS code 322299)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-09

Similar Companies near Ridgefield

In the Ridgefield area, 2 businesses in the "All Other Converted Paper Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 189 employees (compared to this company's 362) and received an average PPP loan of $2,460,258 (compared to this company's $4.64M).

Similar Nearby Businesses Who Received PPP Funding:

George H Swatek Inc
Ridgefield, NJ

$279,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 386 businesses in the "All Other Converted Paper Product Manufacturing" industry received a total of $133,867,269.00 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 28 employees, 92% lower than United Envlope, LLC's reported 362 employees, and received an average PPP loan of $346,806, 93% lower than this company's loan of $4.64M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/united-envlope-llc-ridgefield-nj