Berkeley COVID-19 PPP Loans: Ocean Mental Health, Others Helped
BERKELEY, NJ — The U.S. Small Business Administration and U.S. Treasury released details of the country's massive Paycheck Protection Program that helped 33 Berkeley businesses affected by the coronavirus pandemic.
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. Read more: Coronavirus PPP Loans In NJ: Where The Money Went
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.
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.
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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.
Here is the list of Berkeley businesses on the list, and the number of jobs for which the money is supposed to account:
$2-5 million:
OCEAN MENTAL HEALTH SERVICES INC: job total not listed
$1-2 million:
BAYVILLE HEALTHCARE LLC: 116
RIVERFRONT HEALTHCARE ASSOCIATES: 191
$350,000-1 million:
ALLSTATES WORLDCARGO, INC, 61
CWR ELECTRONICS CORPORATION: 74
EMPIRE BLENDED PRODUCTS, INC.: job total not listed
LBI MANAHAWKIN REALTY LLC: 125
PRYCE BROTHERS, A PARTNERSHIP: 37
QUALITY MEDICAL TRANPORT INC: zero
SOMERSET WOODS REHABILITATION AND NURSING CENTER: 115
TRAFFIC BUILDERS, INC.: 69
TURF MASTERS, INC: 57
$150,000-350,000
ADARR INC: zero
ADVANCED FURNACE & AIR DUCT CLEANING: 21
AFFORDABLE PUMPING SERVICES INC: 20
ANGELO DEVITO CONSTRUCTION LLC: nine
CHAP CORPORATION: 19
DUNN DENTAL PC: 12
ELC AMERICA CORP: 20
HENRIQUES YACHTS INC: 24
HYDROSCIENCE GROUP CORP: 23
J.E. HANNON, INC: 15
JERSEY RENTS: 14
JOHNSON BARAN CORP: 10
MIKE DEMASI ELECTRICAL CONTRACTOR INC: seven
MJ'S OF BERKELEY LLC: job total not listed
MONMOUTH AIRCRAFT SERVICE INC: zero
NEW JERSEY BOAT SALES LLC: 26
NJ SOLAR POWER, LLC: 19
OCEAN COUNTY EQUIPMENT: 26
OCEAN GATE YACHT BASIN: 10
RETAIL LLC: 34
THE NEW MARTELLS WATERS EDGE INC.: 158
Read more: Coronavirus PPP Loans In NJ: Where The Money Went
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This article originally appeared on the Berkeley Patch