PPP Loan Data — Z And A Infotek Corporation, Parsippany, NJ
Z And A Infotek Corporation is a corporation located at 160 Littleton Rd in Parsippany, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,511,793.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 125 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FINANCIAL RESOURCES FCU
Z And A Infotek Corporation received a Paycheck Protection Loan of $2.51M through FINANCIAL RESOURCES FCU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Z And A Infotek Corporation's total 2019 payroll expenses were approximately $12.06M in order to qualify for the PPP loan amount received.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $96,453 per employee1.
Business Information - Z And A Infotek Corporation in Parsippany, NJ
160 Littleton Rd
Parsippany, NJ 7054
Data Processing, Hosting, and Related Services (NAICS code 518210)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NJ-11
Similar Companies near Parsippany
In the Parsippany area, 3 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 125) and received an average PPP loan of $877,569 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,879 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1,161,307,675.00 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 12 employees, 90% lower than Z And A Infotek Corporation's reported 125 employees, and received an average PPP loan of $197,535, 92% lower than this company's loan of $2.51M.
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Footnotes & Information
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