Business & Tech

These Cranford Businesses Got Coronavirus PPP Loans

The government loans have an interest rate of 1 percent and can be forgiven if used for payroll or rent. They went to schools and more.

Memorial Field, Cranford
Memorial Field, Cranford (Google Maps)

CRANFORD, NJ — The U.S. Small Business Administration and U.S. Treasury released details this week of the country’s massive Paycheck Protection Program that helped New Jersey businesses affected by the coronavirus pandemic (see list below).

PPP loans have an interest rate of 1 percent and can be fully forgiven if they are used for payroll costs, rent, and other items.

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.

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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.

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.

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Jenkinson's in Point Pleasant Beach got between $1 million and $2 million. Care Plus NJ in Paramus received between $5 million and $10 million, which helped support 401 jobs, according to the SBA data. The Dwight-Englewood School got between $2 million and $5 million, which helped support 304 jobs. High Grade Beverage in North Brunswick got a loan between $2 million and $ 5 million, which helped support 258 jobs.

Here's the list of Cranford businesses on the overall NJ list, which includes schools, restaurants, and religious congregations.

Cranford

FEDERAL AUTOCAT RECYCLING LLC
EII, INC.
MAINTECH, INCORPORATED
CEDAR OAKS HEALTH CENTER, LLC
LERNER DAVID LITTENBERG KRUMHOLZ & MENTLIK LLP
NUTS.COM, INC.
PRIDE & SERVICE ELEVATOR, CO, INC
SIMPSON AND BROWN, INC.
ALL STATE INTERNATIONAL
ARISTACARE AT MANCHESTER LLC
ARISTACARE AT WHITING LLC
CEREBRAL PALSY LEAGUE INC
CRNC OPERATING, LLC
DURST CORPORATION, INC.
EMES PROFESSIONAL ASSOCIATES
FIRST ALLIANCE HOME MORTGAGE, LLC
HEARTHSIDE REHAB CENTER LLC
IVY HILL REHAB CENTER LLC
L. J. GONZER ASSOCIATES
LINDEN GARDEN ESTATES LLC
MSPC CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS, P.C.
NATC DONUTS INC.
PARK AVENUE REHAB CENTER, LLC
SUVIP SOLUTIONS INC
A J CELIANO INC
AFS DELIVERY LLC
ANACAPRI FOOD SUPPLY, INC.
ARISTACARE AT CHERRY HILL LLC
ARISTACARE LLC
BUFFALO SHREDDING AND RECOVERY, LLC
CM TOWERS, INC
DUGHI HEWIT & DOMALEWSKI PC
ENOVATE ENGINEERING, LLC
FERRARA FINANCIAL GROUP LLC
GLITTEREX CORPORATION
HILLSDALE PARK REHAB CENTER, LLC
HUNTINGDON PARK REHAB LLC
JERSEY MORTGAGE COMPANY OF NEW JERSEY , INC.
KOPPERS CHOCOLATE LLC
LEADERS FINANCIAL COMPANY
LOYALSOCK REHAB CENTER LLC
MATRIX DISTRIBUTORS INC
MEDI-CORP, INC.
MEEKER SHARKEY ASSOCIATES LLC
MIZCO INTERNATIONAL INC.
NAUTICUS GROUP
NORWOOD TERRACE HEALTH CENTER LLC
PETRO PACKAGING COMPANY INC
QE SOLAR LLC
SOUTH AVENUE BODY & FENDER INC.
THOR XPRESS TRANSPORT LLC
TRANS - K INC. DBA TARGET TRANSPORTATION
U.S. BLADE MFG. CO., INC.
UNION COUNTY ECONOMIC DEVELOPMENT CORPORATION
WOODLAND PARK REHAB LLC
ACCENT TRUCKING CORP
ADVANCE TALENT SOLUTIONS
ALL-STAR DELIVERY SYSTEMS INC-SBA SMALL 7A TERM
AMERICAN ATHEISTS, INC.
AMV CONDITIONING COMPANY INC.
ASSOCIATED APPRAISAL GROUP
BRANCH RADIOGRAPHIC LABORATORIES, INC.
CITIUS PHARMACEUTICALS, INC.
CITY STANDARD DATA INC
CJD CONSULTING, INC
CLEAR SKIES TITLE AGENCY, LLC
CRANFORD OPHTHALMOLOGY-SBA SMALL 7A TERM
CRANFORD RESTAURANTS LLC
CRANFORDENDODONTICS
DAMORE EXECUTIVE SERVICES INC
DISCOVERY CHILD CARE CENTER, INC.
DOFORMS, INC
FIRST PRESBYTERIAN CHURCH OF CRANFORD
FLORANNE, INC.
FUNDOG, INC.
GLOBAL USA INC
GONZER ADMINISTRATIVE LLC
GROTTO ENGINEERING, LLC
HARBOR CONSULTANTS INC
JOMAR BULK CARRIERS, INC
JSR TECH CONSULTING, LLC
KELCO INDUSTRIES INC.
LOBIFARO & IACOVANO PA
M. S. ADMINISTRATORS, INC.
MANCHESTER PEDIATRIC MEDICAL DAY CARE LLC
MEDPRO WELLNESS LIMITED LIABILITY COMPANY
METALICO, INC.
NATIONAL MILL INDUSTRY, INC.
NEW JERSEY FAMILY MEDICAL
NEW JERSEY PLUMBING AND HEATING, INC.
ONETEAM FINANCIAL, LLC
POSH ENTERTAINMENT LLC
REEL-STRONG FUEL CO
REVIREO INC.
ROGUT MCCARTHY LLC
SIANO GROUP INC
SIGNATURE ACQUISITIONS LLC
ST. MICHAEL'S CATHOLIC CHURCH
SUNQUEST FUNDING, LLC
TASK FORCE I AND I LLC
THE ACCLAIM GROUP, LLC
THE ACTIVUS GROUP LLC
TOFUTTI BRANDS INC
TREZZCO WAREHOUSE INC.

A number of businesses are now reporting that the list, in certain 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.

To use the searchable database of New Jersey loans over $150,000, click this story and scroll to the bottom.

Got news? Email caren.lissner@patch.com. To keep up with breaking news in your town and statewide when it happens, and get a free local newsletter each morning, sign up for Patch breaking news alerts and daily newsletters.


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