PPP Loan Data — Visionet Systems Inc, Cranbury, NJ
Visionet Systems Inc is a corporation located at 4 Cedarbrook Dr in Cranbury, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,770,100.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Visionet Systems Inc in Cranbury, NJ received a Paycheck Protection Loan of $4.77M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Visionet Systems Inc's total 2019 payroll expenses were approximately $22.9M in order to qualify for the PPP loan amount received.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $91,221 per employee1.
Business Information - Visionet Systems Inc in Cranbury, NJ
4 Cedarbrook Dr
Cranbury, NJ 08512
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Cranbury
In the Cranbury area, 15 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 251) and received an average PPP loan of $672,645 (compared to this company's $4.77M).
Similar Nearby Businesses Who Received PPP Funding:
Pioneer Consulting, LLC
Nartal Systems Inc
Masterex Technologies Inc
JSM Consulting Inc
Manasi Information Technologies Inc
NAM Info Inc
East Windsor, NJ
Brilliant Aadya Inc
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Visionet Systems Inc's reported 251 employees, and received an average PPP loan of $200,633, 96% lower than this company's loan of $4.77M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!