PPP Loan Data — Withumsmith + Brown, PC, Princeton, NJ
Withumsmith + Brown, PC is a corporation located at 506 Carnegie Ctr in Princeton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Withumsmith + Brown, PC received a Paycheck Protection Loan of $10M through PEAPACK-GLADSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Withumsmith + Brown, PC's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Withumsmith + Brown, PC in Princeton, NJ
506 Carnegie Ctr
Princeton, NJ 8540
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-12
Similar Companies near Princeton
In the Princeton area, 10 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 500) and received an average PPP loan of $1,155,939 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Joseph J Gormley Jr
Ravi Venkataraman CPA
Bavaro & Company, LLC
Princeton Financial Group LLC
Axiom CPAS LLC
K B Financial Companies LLC
Tillit Associates LLP
Howard Azer And Assoc PA
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Withumsmith + Brown, PC's reported 500 employees, and received an average PPP loan of $88,968, 99% lower than this company's loan of $10M.
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Footnotes & Information
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