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PPP Loan Data — Anderson Equipment Company NY Inc, Bridgeville, PA

SBA PPP loan data, payroll data, and salaries for Anderson Equipment Company NY Inc
PA

Anderson Equipment Company NY Inc

Entity: Corporation

Industry: Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers

Location: Bridgeville, PA

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Anderson Equipment Company NY Inc is a corporation located at 1000 Washington Pike in Bridgeville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,264,157.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.26M

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

Anderson Equipment Company NY Inc in Bridgeville, PA received a Paycheck Protection Loan of $3.26M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Anderson Equipment Company NY Inc's total 2019 payroll expenses were approximately $15.67M in order to qualify for the PPP loan amount received.

Unlike most businesses, Anderson Equipment Company NY Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Anderson Equipment Company NY Inc 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 - Anderson Equipment Company NY Inc in Bridgeville, PA

Anderson Equipment Company NY Inc
1000 Washington Pike
Bridgeville, PA 15017

Business Industry

Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (NAICS code 423810)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-18

Similar Companies near Bridgeville

In the Bridgeville area, 2 businesses in the "Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $2,803,476 (compared to this company's $3.26M).

Similar Nearby Businesses Who Received PPP Funding:

Anderson Equipment Company
Bridgeville, PA

$2.34M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,830 businesses in the "Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers" industry received a total of $454,516,744.00 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 15 employees, and received an average PPP loan of $248,370, 92% lower than this company's loan of $3.26M.

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.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/anderson-equipment-company-ny-inc-bridgeville-pa