PPP Loan Data — Valar LLC, Mount Laurel Township, NJ
Entity: Limited Liability Company (LLC)
Location: Mount Laurel Township, NJTweet This • Search All PPP Data
Valar LLC is a limited liability company (LLC) located at 10 Horseshoe Drive in Mount Laurel Township, New Jersey that received a Coronavirus-related PPP loan from the SBA of $56,812.00 in May, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Valar LLC in Mount Laurel Township, NJ received a Paycheck Protection Loan of $56,812 through Cross River Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
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, Valar LLC's 2019 payroll expenses are estimated to be at least $272,698.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $68,175 per employee1
Reported PPP Proceed Usage:
On the PPP application, Valar LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $56,812
Business Information - Valar LLC in Mount Laurel Township, NJ
10 Horseshoe Drive
Mount Laurel Township, NJ 8054
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mount Laurel Township
In the Mount Laurel Township area, 117 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 4) and received an average PPP loan of $242,060 (compared to this company's $56,812).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 175% higher than Valar LLC's reported 4 employees, and received an average PPP loan of $119,313, 110% higher than this company's loan of $56,812.
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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