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PPP Loan Data — Z And A Infotek Corporation, Parsippany, NJ

SBA PPP loan data, payroll data, and salaries for Z And A Infotek Corporation
NJ

Z And A Infotek Corporation

Entity: Corporation

Industry: Data Processing, Hosting, and Related Services

Location: Parsippany, NJ

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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

Loan Size:

$2.51M

Jobs Retained:

125

Loan Approved:

2020-04-13

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.

Because the loan received by Z And A Infotek Corporation 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 - Z And A Infotek Corporation in Parsippany, NJ

Z And A Infotek Corporation
160 Littleton Rd
Parsippany, NJ 7054

Business Industry

Data Processing, Hosting, and Related Services (NAICS code 518210)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/z-and-a-infotek-corporation-parsippany-nj