Hundreds Of Hackettstown Jobs Reinstated With Pandemic Loan Money

Russ Crespolini
Updated ·4 min read

HACKETTSTOWN, NJ – Hundreds of jobs in the Hackettstown area were reinstated thanks to the U.S. Small Business Administration and U.S. Treasury Paycheck Protection Program that was designed to help New Jersey 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. 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

In Hackettstown, Centenary University, Heath Village and Tri-B Industries were given between $2-$5 million dollars to reinstate employees.

Here are the businesses that were approved for loans between $1 and 2 million and the list indicates how many jobs that were reinstated:

  • HACKETTSTOWN IMAGING SERVICES LLC., 223

  • INTEGRATED MICROWAVE TECHNOLGY, LLC., 57

  • RANA OF HACKETTSTOWN, N/A

  • RUDOLPH RESEARCH ANALYTICAL, N/A

Here are the businesses approved for loans between $350,000 and 1 million and how many jobs that were reinstated:

  • ALMETEK INDUSTRIES INC., 68

  • BB PRODUCTIONS INC., 40

  • CALLAREMI LINCOLN-MERCURY, INC., 21

  • COMFORT AUTO GROUP LLC., 21

  • DUKE'S GROUNDS MAINTENANCE, INC., 49

  • EDHARD CORP., 31

  • GP PRECISION INC., N/A

  • INTERCOUNTY PAVING ASSOCIATES, LLC., 16

  • MANGO CUSOM CABINETS INCORPORATED, 47

  • MID ATLANTIC XPRESS INC., 53

  • MODERN SANITATION SYSTEMS, INC., 296

  • PLAZA FAMILY CARE PC, 42

  • ROBINSON AERIAL SURVEYS INC., 26

  • ROUTE 46 SUBARU LLC., 42

  • SERVICE ASSOCIATES II INC., 42

  • THE HOUSE OF THE GOOD SHEPHERD-SBA SMALL 7A TERM, N/A

  • WEATHER WORKS CONSULTING METEOROLOGIST LLC., 36

Here are the businesses approved for loans between $150,000 and $350,000 and how many jobs that were reinstated:

  • ALLIANCE MEDICAL GROUP PC, 11

  • ANDREX, INC., 17

  • CARE ENVIRONMENTAL CORP., 26

  • COLONIAL MANOR AT PANTHER VALLEY LLC., 26

  • DAVID W PAULUSSEN DMD PA, 14

  • DAVID'S COUNTRY INN, N/A

  • ERIC A. GANG & ASSOCIATES, P.A., 14

  • FLAVOR SOLUTIONS INC., 14

  • FOVEONICS IMAGING TECHNOLOGIES, 25

  • GALLAGHER'S PLUMBING & HEATING, INC., 16

  • GARDEN STATE ASPHALT MATERIALS INC., 10

  • HACKETTSTOWN MIDWIVES LLC-SBA SMALL 7A TERM, N/A

  • HACKETTSTOWN OIL CORPORATION, N/A

  • HILLWICK INC., 34

  • INTERNATIONAL EXCHANGE OF NORTH AMERICA, 6

  • LAVERY SELVAGGI ABROMITIS & COHEN PC, 20

  • MAMAS PIZZA INC., 20

  • MANAGED BUSINESS COMMUNICATIONS INC., 17

  • MURRO OF MANSFIELD, LLC, 29

  • NATURAL IMAGE SKIN CENTER, 23

  • NORTH JERSEY PHYSICAL THERAPY ASSOICATES, N/A

  • OSCJO ENTERPRISES INC., 48

  • PERFECT FINISH ORTHO LAB, INC., 20

  • PMZ LANDSCAPING INC., 16

  • PRIME ENTERTAINMENT, 7

  • SNAP CREATIVE MARKETING, LLC., 12

  • STEVEN BOGART DDS & HUBERT GUGALA DMD PA., 10

  • TAP HOUSE GRILL LLC., 45

  • THAT'S NO MOON INC., 31

  • VILLAGE FAMILY CHIROPRACTIC LLC., 4

  • WIRE'S ELECTRICAL SHOP, 8

Loans to New Jersey businesses ran the gamut and included higher education institutions, private schools, manufacturers, car washes, real estate agent companies and non-profits although a number of businesses are now reporting that the list, in some instances, 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.

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.

Patch editors Tom Davis and Jeff Arnold contributed to this report.

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This article originally appeared on the Hackettstown Patch