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PPP Loan Data — Allegheny Diversified Holding Company, Lawrence, PA

SBA PPP loan data, payroll data, and salaries for Allegheny Diversified Holding Company
PA

Allegheny Diversified Holding Company

Entity: Subchapter S Corporation

Industry: Other Millwork (including Flooring)

Location: Lawrence, PA

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Allegheny Diversified Holding Company is a subchapter s corporation located at 104 Commerce Blvd in Lawrence, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,053,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 286 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.05M

Jobs Retained:

286

Loan Approved:

2020-04-06

Lender:

DOLLAR BANK, A FEDERAL SAVINGS BANK

Allegheny Diversified Holding Company received a Paycheck Protection Loan of $4.05M through DOLLAR BANK, A FEDERAL SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Allegheny Diversified Holding Company's total 2019 payroll expenses were approximately $19.46M in order to qualify for the PPP loan amount received.

Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $68,032 per employee1.

Because the loan received by Allegheny Diversified Holding Company 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 Diversified Holding Company in Lawrence, PA

Allegheny Diversified Holding Company
104 Commerce Blvd
Lawrence, PA 15055

Business Industry

Other Millwork (including Flooring) (NAICS code 321918)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: PA-14

Industry PPP Comparison Statistics

Nationwide, 1,422 businesses in the "Other Millwork (including Flooring)" industry received a total of $215,920,934.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 95% lower than Allegheny Diversified Holding Company's reported 286 employees, and received an average PPP loan of $151,843, 96% lower than this company's loan of $4.05M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/allegheny-diversified-holding-company-lawrence-pa