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PPP Loan Data — Blair Image Elements Inc, Altoona, PA

SBA PPP loan data, payroll data, and salaries for Blair Image Elements Inc
PA

Blair Image Elements Inc

Entity: Subchapter S Corporation

Industry: Sign Manufacturing

Location: Altoona, PA

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Blair Image Elements Inc is a subchapter s corporation located at 5107 Kissell Ave in Altoona, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,808,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.81M

Jobs Retained:

242

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Blair Image Elements Inc in Altoona, PA received a Paycheck Protection Loan of $2.81M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Blair Image Elements Inc's total 2019 payroll expenses were approximately $13.48M in order to qualify for the PPP loan amount received.

Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $55,714 per employee1.

Because the loan received by Blair Image Elements 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 - Blair Image Elements Inc in Altoona, PA

Blair Image Elements Inc
5107 Kissell Ave
Altoona, PA 16601

Business Industry

Sign Manufacturing (NAICS code 339950)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-13

Similar Companies near Altoona

In the Altoona area, 2 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 242) and received an average PPP loan of $1,446,963 (compared to this company's $2.81M).

Similar Nearby Businesses Who Received PPP Funding:

Altoona Neon & Sign Service, Inc.
Altoona, PA

$85,025 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 96% lower than Blair Image Elements Inc's reported 242 employees, and received an average PPP loan of $118,017, 96% lower than this company's loan of $2.81M.

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/blair-image-elements-inc-altoona-pa