PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Withumsmith + Brown, PC, Princeton, NJ

SBA PPP loan data, payroll data, and salaries for Withumsmith + Brown, PC
NJ

Withumsmith + Brown, PC

Entity: Corporation

Industry: Offices of Certified Public Accountants

Location: Princeton, NJ

Search All PPP Data

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

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-09

Lender:

PEAPACK-GLADSTONE BANK

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.

Because the loan received by Withumsmith + Brown, PC 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 - Withumsmith + Brown, PC in Princeton, NJ

Withumsmith + Brown, PC
506 Carnegie Ctr
Princeton, NJ 8540

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/withumsmith-brown-pc-princeton-nj