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PPP Loan Data — Alpha Precision Group, LLC, Saint Marys, PA

SBA PPP loan data, payroll data, and salaries for Alpha Precision Group, LLC
PA

Alpha Precision Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Powder Metallurgy Part Manufacturing

Location: Saint Marys, PA

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Alpha Precision Group, LLC is a limited liability company (LLC) located at 1379 Bucktail Road in Saint Marys, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,772,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.77M

Jobs Retained:

408

Loan Approved:

2020-04-10

Lender:

THE HUNTINGTON NATIONAL BANK

Alpha Precision Group, LLC received a Paycheck Protection Loan of $4.77M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alpha Precision Group, LLC's total 2019 payroll expenses were approximately $22.91M in order to qualify for the PPP loan amount received.

Based on their reported 408 jobs retained, this equals an estimated average yearly compensation of $56,144 per employee1.

Because the loan received by Alpha Precision Group, LLC 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 - Alpha Precision Group, LLC in Saint Marys, PA

Alpha Precision Group, LLC
1379 Bucktail Road
Saint Marys, PA 15857

Business Industry

Powder Metallurgy Part Manufacturing (NAICS code 332117)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-15

Similar Companies near Saint Marys

In the Saint Marys area, 20 businesses in the "Powder Metallurgy Part Manufacturing" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 408) and received an average PPP loan of $724,542 (compared to this company's $4.77M).

Industry PPP Comparison Statistics

Nationwide, 152 businesses in the "Powder Metallurgy Part Manufacturing" industry received a total of $80,841,045.00 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 45 employees, 89% lower than Alpha Precision Group, LLC's reported 408 employees, and received an average PPP loan of $531,849, 89% lower than this company's loan of $4.77M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/alpha-precision-group-llc-saint-marys-pa