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

1. SIMCO LOGISTICS INC

$2-5 million

1. BASIC COMMERCE & INDUSTRIES INC
2. MCLEAN PACKAGING CORPORATION
3. MOORESTOWN FRIENDS SCHOOL ASSOCIATION
4. S.W. ELECTRONICS & MANUFACTURING CORP.
5. STRIVE PHYSICAL THERAPY AND SPORTS REHABILITATION LLC
6. THE ARTCRAFT GROUP INC

$1-2 million

1. CLARK MANAGEMENT ENTERPRISES LP
2. EHS TECHNOLOGIES
3. MARK 1 RESTORATION SERVICE, INC.
4. MJ KELLY ELECTRIC, INC.
5. MOORESTOWN VISITING NURSE ASSOC INC
6. PT MECHANICAL GROUP
7. REGAL WINE IMPORTS, INC.
8. RICE HOLDINGS INC
9. SHIELDS BUSINESS SOLUTIONS, INC
10. SHINGLE & GIBB COMPANY
11. TECHNOLOGY SERVICES LLC
12. THE PRO COMPUTER SERVICE LLC
13. TRICOMM SERVICES CORP
14. TTI ENVIRONMENTAL, INC.

$350,000-1 million

1. A ACTION FAMILY MOVING COMPANY, INC.
2. ACKLEY MACHINE CORPORATION
3. AMERICAN HARLEQUINN CORP
4. ANTARES VISION
5. ASRM LLC
6. ATT SPORTS INC
7. AUTOMATION & CONTROL INC
8. BODINE TOOL & MACHINE CO INC.
9. CETACEAN MARINE INC.
10. CHENOSA SYSTEMS CORPORATION
11. CHURCH OF OUR LADY OF GOOD COUNSEL
12. COMEGNO LAW GROUP PC
13. DAVE'S CLEANING SERVICE INC
14. DENTON VACUUM, LLC
15. EASTERN TESTING & INSPECTION, INC.
16. EMERSON GROUP
17. GASTROENTEROLOGY CONSULTANTS OF SOUTH JERSEY
18. GRACE CONSTRUCTION MANAGEMENT COMPANY LLC
19. INNOVATIVE BENEFIT PLANNING LLC
20. J.H. WILLIAMS ENTERPRISES, INC
21. JANET H. AND C. HARRY KNOWLES FOUNDATION
22. LOPEZ MCHUGH LLP
23. LYONS & SONS, INC.
24. MTS SOFTWARE SOLUTIONS INC
25. MTS SOFTWARE SOLUTIONS, INC.
26. NATIONWIDE PARKING & VALET LLC
27. NEW JERSEY HOME RENTALS INC
28. NORMANDY ENTERPRISES, LLC
29. PARTNERS IN HOME CARE INC
30. PRISM COLOR CORPORATION
31. PRO-TECH ENERGY SOLUTIONS LLC
32. PROPERTY SOLUTIONS INC
33. QUAKER PHOTO SERVICES, INC.
34. R WIRELESS OF NJ INC
35. RUNSIGNUP, INC.
36. SBAR INC
37. SHERMAN SILVERSTEIN KOHL ROSE AND PODOLSKY PA
38. SPAUTO PARTS, INC. AKA PAUL MACHENRY & COMPANY
39. STAR LINEN, INC.
40. STARLITE PRODUCTIONS INTERNATIONAL INC
41. SYSCOM COMPNENTS LLC
42. T&N VAN SERVICE
43. TK INTERACTIVE LLC
44. TOTAL PROJECT SOLUTIONS LLC
45. VERMES MACHINE CO., INC.
46. VISITING NURSE ASSOCIATION HOME CARE INC
47. WHITTENDALE EXCAVATING CORP
48. XERIMIS INC
49. ZOOK DINON PA-SBA SMALL 7A TERM

$150,000-350,000

1. ALBION ENGINEERING CO
2. ALPER ENTERPRISES
3. AMLD CONSULTING LLC
4. ANDES RIVER MARKETING SERVICES
5. BEGLEY LAW GROUP PC
6. BESEN MEDICAL ASSOCIATES PC
7. BIRDISH, INC.
8. BKON LLC
9. BURL-MOOR DRIBEN ANIMAL HOSPITAL LLC
10. CA SPALDING COMPANY
11. CHARLES M. ESPOSITO, DMD & CHRISTOPHER V. ESPOSITO, DMD, LLC
12. CHRIS SPARKS
13. CHUNG INSTITUTE OF INTEGRATIVE MEDICINE
14. COASTAL SOURCE LLC
15. COMTREX SYSTEMS CORPORATION
16. DR SARA FONSECA DDS PA
17. EAST CEDARS TREAT, LLC
18. EBROADBURL REALTY CORPORATION
19. ERICK O TIMBER & ASSOCIATES P.A.
20. EVANS, MAJCZAN, & O'CALLAGHAN, INC.
21. EXL LLC
22. GLOBALGEEKS INC
23. H DEPENBROCK DESIGNS INC
24. HH NJ HOSPITALITY LLC
25. INVISION SIGNS LLC
26. JOSEPH MAMMONE
27. LAW OFFICES OF MANUELA MORAIS
28. LUM-TECH LIGHTING INC
29. MARIO J CANAL DMD PC
30. MARK S WALKER LLC
31. MINDBUILDERS, INC.
32. MOORESTOWN ECUMENICAL NEIGHBORHOOD
33. MORRONE & KAYE ORTHODONTICS PA
34. OBRIEN BELLAND & BUSHINSKY LLC
35. OLDE TOWNE CONSTRUCTION COMPANY, INC.
36. ONGUARD FENCE SYSTEM, LTD.
37. OTAVA INC
38. OZM LLC
39. PANZANO AND PARTNERS LLC
40. PASSARIELLO HADDONFIELD LLC
41. PASSARIELLO MOORESTOWN, LLC
42. PIONEER & CO., INC.
43. PORTASCIENCE, INC.
44. POSTERNOCK APELL, PC
45. PROJECT MANAGEMENT TECHNOLOGIES, INC.
46. PUDDLE JUMPERS ACADEMY LLC
47. R WIRELESS OF PA LLC
48. R WIRELESS OF TX INC
49. RA WIRELESS OF MA LLC
50. RA WIRELESS OF NY LLC
51. RAYMOND COLEMAN HEINOLD, LLP
52. RM REALTY OF MOORESTOWN
53. SECOND PETE CORPORATION
54. SENIOR FRIENDS & SERVICES INC
55. STRATEGIC FUNDING ALTERNATIVES LLC
56. SYMPHONY, INC.
57. TANDEM ASSOCIATES, INC.
58. TLC HOMECARE SERVICES LLC
59. TNT PAINTING, INC.
60. TOM N TRACEY INC
61. 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