131 Moorestown Businesses Receive Coronavirus PPP Loans
MOORESTOWN, NJ — A total of 131 Moorestown businesses have received Paycheck Protection Program (PPP) loans from the U.S. Small Business Administration and U.S. Treasury, according to numbers released by federal officials.
More than 4.9 million loans over $150,000 were made to businesses and nonprofit organizations across the country; the total amount for approved loans over that amount was more than $521 billion.
Around 22,000 businesses in New Jersey were approved for loans greater than $150,000. The list of the recipients is below, although a number of businesses are now reporting that the list contains "some big errors," according to CNBC.
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Below is the list of loans approved for Moorestown businesses:
$5-10 million
SIMCO LOGISTICS INC
$2-5 million
BASIC COMMERCE & INDUSTRIES INC
MCLEAN PACKAGING CORPORATION
MOORESTOWN FRIENDS SCHOOL ASSOCIATION
S.W. ELECTRONICS & MANUFACTURING CORP.
STRIVE PHYSICAL THERAPY AND SPORTS REHABILITATION LLC
THE ARTCRAFT GROUP INC
$1-2 million
CLARK MANAGEMENT ENTERPRISES LP
EHS TECHNOLOGIES
MARK 1 RESTORATION SERVICE, INC.
MJ KELLY ELECTRIC, INC.
MOORESTOWN VISITING NURSE ASSOC INC
PT MECHANICAL GROUP
REGAL WINE IMPORTS, INC.
RICE HOLDINGS INC
SHIELDS BUSINESS SOLUTIONS, INC
SHINGLE & GIBB COMPANY
TECHNOLOGY SERVICES LLC
THE PRO COMPUTER SERVICE LLC
TRICOMM SERVICES CORP
TTI ENVIRONMENTAL, INC.
$350,000-1 million
A ACTION FAMILY MOVING COMPANY, INC.
ACKLEY MACHINE CORPORATION
AMERICAN HARLEQUINN CORP
ANTARES VISION
ASRM LLC
ATT SPORTS INC
AUTOMATION & CONTROL INC
BODINE TOOL & MACHINE CO INC.
CETACEAN MARINE INC.
CHENOSA SYSTEMS CORPORATION
CHURCH OF OUR LADY OF GOOD COUNSEL
COMEGNO LAW GROUP PC
DAVE'S CLEANING SERVICE INC
DENTON VACUUM, LLC
EASTERN TESTING & INSPECTION, INC.
EMERSON GROUP
GASTROENTEROLOGY CONSULTANTS OF SOUTH JERSEY
GRACE CONSTRUCTION MANAGEMENT COMPANY LLC
INNOVATIVE BENEFIT PLANNING LLC
J.H. WILLIAMS ENTERPRISES, INC
JANET H. AND C. HARRY KNOWLES FOUNDATION
LOPEZ MCHUGH LLP
LYONS & SONS, INC.
MTS SOFTWARE SOLUTIONS INC
MTS SOFTWARE SOLUTIONS, INC.
NATIONWIDE PARKING & VALET LLC
NEW JERSEY HOME RENTALS INC
NORMANDY ENTERPRISES, LLC
PARTNERS IN HOME CARE INC
PRISM COLOR CORPORATION
PRO-TECH ENERGY SOLUTIONS LLC
PROPERTY SOLUTIONS INC
QUAKER PHOTO SERVICES, INC.
R WIRELESS OF NJ INC
RUNSIGNUP, INC.
SBAR INC
SHERMAN SILVERSTEIN KOHL ROSE AND PODOLSKY PA
SPAUTO PARTS, INC. AKA PAUL MACHENRY & COMPANY
STAR LINEN, INC.
STARLITE PRODUCTIONS INTERNATIONAL INC
SYSCOM COMPNENTS LLC
T&N VAN SERVICE
TK INTERACTIVE LLC
TOTAL PROJECT SOLUTIONS LLC
VERMES MACHINE CO., INC.
VISITING NURSE ASSOCIATION HOME CARE INC
WHITTENDALE EXCAVATING CORP
XERIMIS INC
ZOOK DINON PA-SBA SMALL 7A TERM
$150,000-350,000
ALBION ENGINEERING CO
ALPER ENTERPRISES
AMLD CONSULTING LLC
ANDES RIVER MARKETING SERVICES
BEGLEY LAW GROUP PC
BESEN MEDICAL ASSOCIATES PC
BIRDISH, INC.
BKON LLC
BURL-MOOR DRIBEN ANIMAL HOSPITAL LLC
CA SPALDING COMPANY
CHARLES M. ESPOSITO, DMD & CHRISTOPHER V. ESPOSITO, DMD, LLC
CHRIS SPARKS
CHUNG INSTITUTE OF INTEGRATIVE MEDICINE
COASTAL SOURCE LLC
COMTREX SYSTEMS CORPORATION
DR SARA FONSECA DDS PA
EAST CEDARS TREAT, LLC
EBROADBURL REALTY CORPORATION
ERICK O TIMBER & ASSOCIATES P.A.
EVANS, MAJCZAN, & O'CALLAGHAN, INC.
EXL LLC
GLOBALGEEKS INC
H DEPENBROCK DESIGNS INC
HH NJ HOSPITALITY LLC
INVISION SIGNS LLC
JOSEPH MAMMONE
LAW OFFICES OF MANUELA MORAIS
LUM-TECH LIGHTING INC
MARIO J CANAL DMD PC
MARK S WALKER LLC
MINDBUILDERS, INC.
MOORESTOWN ECUMENICAL NEIGHBORHOOD
MORRONE & KAYE ORTHODONTICS PA
OBRIEN BELLAND & BUSHINSKY LLC
OLDE TOWNE CONSTRUCTION COMPANY, INC.
ONGUARD FENCE SYSTEM, LTD.
OTAVA INC
OZM LLC
PANZANO AND PARTNERS LLC
PASSARIELLO HADDONFIELD LLC
PASSARIELLO MOORESTOWN, LLC
PIONEER & CO., INC.
PORTASCIENCE, INC.
POSTERNOCK APELL, PC
PROJECT MANAGEMENT TECHNOLOGIES, INC.
PUDDLE JUMPERS ACADEMY LLC
R WIRELESS OF PA LLC
R WIRELESS OF TX INC
RA WIRELESS OF MA LLC
RA WIRELESS OF NY LLC
RAYMOND COLEMAN HEINOLD, LLP
RM REALTY OF MOORESTOWN
SECOND PETE CORPORATION
SENIOR FRIENDS & SERVICES INC
STRATEGIC FUNDING ALTERNATIVES LLC
SYMPHONY, INC.
TANDEM ASSOCIATES, INC.
TLC HOMECARE SERVICES LLC
TNT PAINTING, INC.
TOM N TRACEY INC
VEDA INC
See more stories about New Jersey's coronavirus recovery.
Loans over $150,000 account for about 925,000 jobs. Below is a breakdown of the amounts approved in New Jersey:
$5 million to $10 million: 162
$2 million to $5 million 844
$1 million to $2 million: 1,823
$350,000 to $1 million: 6,689
$150,000 to $300,000: 12,339
The loans are made by lending 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 does not mean that SBA has determined that the borrower complied with program rules or is eligible to receive a PPP loan and loan forgiveness," the SBA said in a statement about the data release.
The average size of a PPP loan is around $107,000 and 86.5 percent of all loans were for less than $150,000, according to the SBA.
PPP loans have an interest rate of one percent and can be fully forgiven if they are used to payroll costs, interest on mortgages, rent and utilities.
See related: NJ Coronavirus Updates: Here's What You Need To Know
This article originally appeared on the Moorestown Patch
