PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Allegheny Bradford Corporation, Lewis Run, PA

ALERT: There are 2 PPP loans for a total of $4.9M in our database for businesses with the name "Allegheny Bradford Corporation" in Lewis Run, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Allegheny Bradford Corporation
PA

Allegheny Bradford Corporation

Entity: Subchapter S Corporation

Industry: Metal Tank (Heavy Gauge) Manufacturing

Location: Lewis Run, PA

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Allegheny Bradford Corporation is a subchapter s corporation located at 11 Lincoln Dr in Lewis Run, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,964,480.00 in March, 2021.

The company has reported itself as a White male veteran owned business, and employed at least 195 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9393938500

Loan Size:

$1.96M

Jobs Retained:

195

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

Northwest Bank

Allegheny Bradford Corporation in Lewis Run, PA received a Paycheck Protection Loan of $1.96M through Northwest Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Allegheny Bradford Corporation's 2019 payroll expenses are estimated to be at least $9.43M.

Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $48,356 per employee1

Reported PPP Proceed Usage:

On the PPP application, Allegheny Bradford Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,964,479
  • Utilities: $1

Business Information - Allegheny Bradford Corporation in Lewis Run, PA

Allegheny Bradford Corporation
11 Lincoln Dr
Lewis Run, PA 16738

Business Industry:
Metal Tank (Heavy Gauge) Manufacturing
NAICS code 332420

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Mckean County, PA — SBA Office 0358 — Congressional District: PA-15

Industry PPP Comparison Statistics

Nationwide, 459 businesses in the "Metal Tank (Heavy Gauge) Manufacturing" industry received a total of $243.79M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 42 employees, 78% lower than Allegheny Bradford Corporation's reported 195 employees, and received an average PPP loan of $531,123, 73% lower than this company's loan of $1.96M.

SBA PPP loan data, payroll data, and salaries for Allegheny Bradford Corporation
PA

Allegheny Bradford Corporation

Entity: Subchapter S Corporation

Industry: Power Boiler and Heat Exchanger Manufacturing

Location: Lewis Run, PA

Search All PPP Data

Allegheny Bradford Corporation is a subchapter s corporation located at 11 Lincoln Drive in Lewis Run, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,938,980.00 in April, 2020.

The company has reported itself as a White male veteran owned business, and employed at least 246 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2381187200

Loan Size:

$2.94M

Jobs Retained:

246

Loan Approved:

2020-04-16

Loan Status:

Ongoing Loan

Lender:

Northwest Bank

Allegheny Bradford Corporation in Lewis Run, PA received a Paycheck Protection Loan of $2.94M through Northwest Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Allegheny Bradford Corporation's 2019 payroll expenses are estimated to be at least $14.11M.

Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $57,346 per employee1

Reported PPP Proceed Usage:

On the PPP application, Allegheny Bradford Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,938,980
Because the loan received by Allegheny Bradford Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Allegheny Bradford Corporation in Lewis Run, PA

Allegheny Bradford Corporation
11 Lincoln Drive
Lewis Run, PA 16738

Business Industry:
Power Boiler and Heat Exchanger Manufacturing
NAICS code 332410

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Mckean County, PA — SBA Office 0358 — Congressional District: PA-15

Industry PPP Comparison Statistics

Nationwide, 298 businesses in the "Power Boiler and Heat Exchanger Manufacturing" industry received a total of $173.32M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 41 employees, 83% lower than Allegheny Bradford Corporation's reported 246 employees, and received an average PPP loan of $581,598, 80% lower than this company's loan of $2.94M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/allegheny-bradford-corporation-lewis-run-pa