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

PPP Loan Data — Ardex Laboratories Inc, Philadelphia, PA

ALERT: There are 2 PPP loans for a total of $1.61M in our database for businesses with the name "Ardex Laboratories Inc" in Philadelphia, 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 Ardex Laboratories Inc
PA

Ardex Laboratories Inc

Entity: Subchapter S Corporation

Industry: Soap and Other Detergent Manufacturing

Location: Philadelphia, PA

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Ardex Laboratories Inc is a subchapter s corporation located at 2050 Byberry Rd 2050 Byberry Rd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $693,550.00 in March, 2021.

$ PPP Loan Information
Loan #9617368506

Loan Size:

$693,550

Jobs Retained:

68

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Ardex Laboratories Inc in Philadelphia, PA received a Paycheck Protection Loan of $693,550 through PNC Bank, National Association, 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, Ardex Laboratories Inc's 2019 payroll expenses are estimated to be at least $3.33M.

Based on their reported 68 jobs retained, this equals an estimated average yearly compensation of $48,956 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ardex Laboratories Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $693,548
  • Utilities: $1

Business Information - Ardex Laboratories Inc in Philadelphia, PA

Ardex Laboratories Inc
2050 Byberry Rd 2050 Byberry Rd
Philadelphia, PA 19116

Business Industry:
Soap and Other Detergent Manufacturing
NAICS code 325611

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Philadelphia County, PA — SBA Office 0303 — Congressional District: PA-02

Industry PPP Comparison Statistics

Nationwide, 1,428 businesses in the "Soap and Other Detergent Manufacturing" industry received a total of $162.26M 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 11 employees, 84% lower than Ardex Laboratories Inc's reported 68 employees, and received an average PPP loan of $113,626, 84% lower than this company's loan of $693,550.

SBA PPP loan data, payroll data, and salaries for Ardex Laboratories Inc
PA

Ardex Laboratories Inc

Entity: Subchapter S Corporation

Industry: Other Chemical and Allied Products Merchant Wholesalers

Location: Philadelphia, PA

Search All PPP Data

Ardex Laboratories Inc is a subchapter s corporation located at 2050 Byberry Rd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $916,300.00 in April, 2020.

$ PPP Loan Information
Loan #7946087108

Loan Size:

$916,300

Jobs Retained:

68

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Ardex Laboratories Inc in Philadelphia, PA received a Paycheck Protection Loan of $916,300 through PNC Bank, National Association, 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, Ardex Laboratories Inc's 2019 payroll expenses are estimated to be at least $4.4M.

Based on their reported 68 jobs retained, this equals an estimated average yearly compensation of $64,680 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ardex Laboratories Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $916,300

Business Information - Ardex Laboratories Inc in Philadelphia, PA

Ardex Laboratories Inc
2050 Byberry Rd
Philadelphia, PA 19116

Business Industry:
Other Chemical and Allied Products Merchant Wholesalers
NAICS code 424690

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Philadelphia County, PA — SBA Office 0303 — Congressional District: PA-02

Industry PPP Comparison Statistics

Nationwide, 3,270 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a total of $509.15M 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 12 employees, 82% lower than Ardex Laboratories Inc's reported 68 employees, and received an average PPP loan of $155,704, 83% lower than this company's loan of $916,300.

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/ardex-laboratories-inc-philadelphia-pa