Hundreds Of Sparta Jobs Reinstated With Pandemic Loan Money

SPARTA, NJ – Hundreds of jobs in the Sparta 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 Sparta, PDS Consultants, Inc. was given between $5 and $10 million dollars to reinstate 500 employees. High Point Solutions, Inc. was given between $2-$5 million dollars to reinstate 89 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:

• DERMODY ASSOCIATES, INC., 135
• MC M %26 N FOODS LLC., 190
• NORTH JERSEY SPORTS MEDICINE AND ORTHOPEDIC CENTER LLC., 80
• POPE JOHN XXIII REGIONAL HIGH SCHOOL., 98
• PREMIER HEALTH ASSOCIATES LLC., 183

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

• AMERICA_HOME_CARE,_LLC., 86
• CATHOLIC ACADEMY OF SUSSEX COUNTY, 42
• COLINEAR MACHINE & DESIGN, INC., 42
• DIAMOND SAND AND GRAVEL, INC., 38
• LADDEY, CLARK & RYAN LLP., 33
• LOUIS J. WEBER & ASSOCIATES, INC., 13
• MARSWELL INC., N/A
• PHARMICA CONSULTING, 42
• PIONEER PACKAGING INC., 47
• SOWINSKI SULLIVAN ARCHITECTS, 53
• TESA MANPOWER, LLC, 26
• TOTALOGISTIX, INC., 20 TRACE ENVIRONMENTAL SYSTEMS, INC., 20

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

• ACGS ANIMAL SERVICES, L.L.C., 22
• ADVANCED DERMATOLOGY ASSOCIATES OF SUSSEX COUNTY P C, 11
• ANDREWS & COMPANY LLC., 42
• BERKSHIRE TRANSPORTATION CORP., 47
• CAFE PIERROT INC., 53
• CARISTIA, KULSAR & WADE, LLC., 11
• CAVALIER ENVIRONMENTAL COMPLIANCE SERVICES, INC., 15
• DECK REMODELERS.COM LLC., 8
• DRS AIR BALANCING CORP., 10 ECHELON SERVICES LIMITED LIABILITY COMPANY, 13
• ENVIRONMENTAL HEALTH INVESTIGA., 16
• FIREFIGHTER ONE LIMITED LIABILITY COMPANY, 42
• GENTLE DENTISTRY GROUP PC, 18
• HILLTOP COUNTRY DAY SCHOOL, INC., 21
• INTEGRITY DENTAL OF SPARTA LLC., 21
• ISLAND SERVICES III LLC., 47
• J-MAL INC., N/A
• JAMAR ASSOCIATES LLC., N/A
• JOHN C ERNST & CO INC., N/A
• R.B. PAINTING PLUS, INC., 13
• SONOPATH LLC., 10
• SPARTA 2011 INC., 35
• SPARTA CANCER CENTER, LLC., 8
• SPARTA PHARMACY CORPORATION, 18
• SPARTAN CONSTRUCTION GENERAL CONTRACTING, INC., 58
• SPARTAN SHIELDING, LLC., 18
• SPINE & ORTHOPEDIC CENTER OF NEW JERSEY LLC., 12
• STRATEGIC STAFFING SOLUTIONS, 29
• SUMMERLANDS, INC., 50 THE PRINTING CENTER INC., 26
• TIM TIGER ENTERPRISES, LLC., 6
• TRI-COR FLEXIBLE PACKAGING, INC., 15
• WM. H. WILSON ENTERPRISES, INC., 17
• ZERO-IN MEDIA, INC., 25

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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