PPP Loan Data — ARM Group Enterprises Inc, Hershey, PA
ARM Group Enterprises Inc is a corporation located at 1129 West Governor Road in Hershey, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,167,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
ARM Group Enterprises Inc received a Paycheck Protection Loan of $3.17M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, ARM Group Enterprises Inc's total 2019 payroll expenses were approximately $15.2M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $76,018 per employee1.
Business Information - ARM Group Enterprises Inc in Hershey, PA
1129 West Governor Road
Hershey, PA 17033
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-10
Similar Companies near Hershey
In the Hershey area, 5 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 200) and received an average PPP loan of $679,490 (compared to this company's $3.17M).
Similar Nearby Businesses Who Received PPP Funding:
Randy Paul & Associates, Inc.
Thynk Design LLC
Manlove Engineering, LLC
Larry E Cox Jr
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 93% lower than ARM Group Enterprises Inc's reported 200 employees, and received an average PPP loan of $249,856, 92% 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, 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.
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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