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PPP Loan Data — American Crane & Equipment Corporation, Douglassville, PA

SBA PPP loan data, payroll data, and salaries for American Crane & Equipment Corporation
PA

American Crane & Equipment Corporation

Entity: Corporation

Industry: Overhead Traveling Crane, Hoist, and Monorail System Manufacturing

Location: Douglassville, PA

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American Crane & Equipment Corporation is a corporation located at 531 Old Swede Road in Douglassville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,173,991.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 166 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.17M

Jobs Retained:

166

Loan Approved:

2020-04-08

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

American Crane & Equipment Corporation in Douglassville, PA received a Paycheck Protection Loan of $3.17M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Crane & Equipment Corporation's total 2019 payroll expenses were approximately $15.24M in order to qualify for the PPP loan amount received.

Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $91,778 per employee1.

Because the loan received by American Crane & Equipment 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 - American Crane & Equipment Corporation in Douglassville, PA

American Crane & Equipment Corporation
531 Old Swede Road
Douglassville, PA 19518

Business Industry

Overhead Traveling Crane, Hoist, and Monorail System Manufacturing (NAICS code 333923)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-09

Industry PPP Comparison Statistics

Nationwide, 309 businesses in the "Overhead Traveling Crane, Hoist, and Monorail System Manufacturing" industry received a total of $124,855,845.00 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 24 employees, 86% lower than American Crane & Equipment Corporation's reported 166 employees, and received an average PPP loan of $404,064, 87% lower than this company's loan of $3.17M.

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, 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/american-crane-and-equipment-corporation-douglassville-pa