CRANFORD, NJ – The US Small Business Administration and the US Treasury this week released details of the country’s massive paycheck protection program that has helped New Jersey businesses affected by the coronavirus pandemic (see list below) below).
PPP loans have an interest rate of 1% and can be fully canceled if used for salary costs, rent and other items.
Over 4.9 million loans of over $ 150,000 have been made to businesses and nonprofits across the country; the total amount of approved loans exceeding this amount was over $ 521 billion.
About 22,000 New Jersey businesses have been approved for loans over $ 150,000. Loans over $ 150,000 represent approximately 925,000 jobs.
New Jersey business loans ran the gamut and included higher education institutions, private schools, manufacturers, car washes, real estate companies and nonprofits.
Jenkinson’s in Point Pleasant Beach raised between $ 1 million and $ 2 million. Care Plus NJ at Paramus received between $ 5 million and $ 10 million, which helped support 401 jobs, according to SBA data. Dwight-Englewood School raised between $ 2 million and $ 5 million, which supported 304 jobs. High Grade Beverage of North Brunswick secured a loan of between $ 2 million and $ 5 million, which supported 258 jobs.
Here is the list of Cranford companies on the NJ Global List, which includes schools, restaurants and religious congregations.
FEDERAL AUTOCAT RECYCLING LLC
CEDAR OAKS HEALTH CENTER, LLC
LERNER DAVID LITTENBERG KRUMHOLZ & MENTLIK LLP
PRIDE AND SERVICE ELEVATOR, CO, INC
SIMPSON AND BROWN, INC.
ALL INTERNATIONAL STATES
ARISTACARE IN MANCHESTER LLC
ARISTACARE AT WHITING LLC
CEREBRAL PARALYSIS LEAGUE INC
CRNC OPERATION, LLC
DURST CORPORATION, INC.
EMES PROFESSIONAL ASSOCIATES
FIRST HOME MORTGAGE ALLIANCE, LLC
HEARTHSIDE LLC REHABILITATION CENTER
IVY HILL REHAB CENTER LLC
LJ GONZER ASSOCIATES
LINDEN GARDEN ESTATES LLC
ACCOUNTANTS AND PUBLIC ADVISORS CERTIFIED MSPC, PC
NATC Donuts INC.
PARK AVENUE REHABILITATION CENTER, LLC
SUVIP SOLUTIONS INC
AJ CELIANO INC
AFS DELIVERY LLC
ANACAPRI FOOD SUPPLY, INC.
ARISTACARE AT CHERRY HILL LLC
BUFFALO CRUSHING AND RECOVERY, LLC
CM TOURS, INC
PC DUGHI HEWIT & DOMALEWSKI
ENOVATE ENGINEERING, LLC
FERRARA FINANCIAL GROUP LLC
HILLSDALE PARK REHABILITATION CENTER, LLC
HUNTINGDON PARK REHAB LLC
NEW JERSEY JERSEY MORTGAGE COMPANY, INC.
KOPPERS CHOCOLATE LLC
LEADER FINANCIAL COMPANY
LOYALSOCK LLC REHABILITATION CENTER
MATRICE INC DISTRIBUTORS
MEEKER SHARKEY ASSOCIATES LLC
MIZCO INTERNATIONAL INC.
NORWOOD LLC TERRACE HEALTH CENTER
PETRO PACKAGING COMPANY INC
QE SOLAR LLC
CORPS ET FENDER AVENUE SUD INC.
THOR XPRESS TRANSPORT LLC
TRANS – K INC. DBA TARGET TRANSPORT
US BLADE MFG. CO., INC.
UNION COUNTY ECONOMIC DEVELOPMENT CORPORATION
WOODLAND PARK REHAB LLC
ADVANCING TALENT SOLUTIONS
ALL-STAR INC-SBA SMALL TERM 7A DELIVERY SYSTEMS
AMERICAN ATHEES, INC.
AMV CONDITIONING COMPANY INC.
ASSOCIATE ASSESSMENT GROUP
DIRECTORATE OF RADIOGRAPHIC LABORATORIES, INC.
CITIUS PHARMACEUTICALS, INC.
CITY STANDARD DATA INC
CJD CONSULTING, INC
TITLE AGENCY CLEAR SKIES, LLC
CRANFORD OPHTHALMOLOGY-SBA SMALL TERM 7A
CRANFORD RESTAURANTS LLC
DAMORE EXECUTIVE SERVICES INC
DISCOVERY CENTER, INC.
FIRST PRESBYTERIAN CHURCH OF CRANFORD
GLOBAL USA INC
GONZER ADMINISTRATIVE LLC
GROTTE ENGINEERING, LLC
PORT ADVISORS INC
JOMAR BULK CARRIERS, INC
JSR TECH CONSULTING, LLC
KELCO INDUSTRIES INC.
LOBIFARO & IACOVANO PA
MS ADMINISTRATORS, INC.
MANCHESTER PEDIATRIC MEDICAL DAY CARE LLC
MEDPRO WELLNESS LIMITED LIABILITY COMPANY
NATIONAL MILL INDUSTRY, INC.
NEW JERSEY FAMILY MEDICINE
NEW JERSEY PLUMBING AND HEATING, INC.
ONETEAM FINANCIER, LLC
POSH ENTERTAINMENT LLC
ROGUT MCCARTHY LLC
SIANO GROUP INC
SIGNATURE ACQUISITIONS LLC
ST. MICHAEL’S CATHOLIC CHURCH
SUNQUEST FINANCING, LLC
WORKING GROUP I AND I LLC
THE ACCLAIM GROUP, LLC
THE ACTIVUS SARL GROUP
TOFUTTI BRANDS INC
ENTREPT TREZZCO INC.
A number of companies are now reporting that the list, in some cases, contains “
Loans are made by credit institutions, including banks and credit unions, and are guaranteed by the SBA. All PPP loans are subject to review by the SBA and all loans over $ 2 million are automatically reviewed by the SBA.
“Because a borrower is listed in the data as having a PPP loan, it does not mean that the SBA has determined that the borrower has complied with the program rules or is eligible to receive a PPP loan and a cash rebate. ready, “the SBA said in a data statement. Release.
The average size of a PPP loan is around $ 107,000 and 86.5% of all loans were under $ 150,000, according to the SBA.
To use the searchable database of New Jersey loans over $ 150,000, click this story and scroll down.
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