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PPP Loan Data — Boenning & Scattergood Inc,
Conshohocken, PA
Boenning & Scattergood Inc
Entity: Subchapter S Corporation
Industry: Investment Banking and Securities Dealing
Location: Conshohocken, PA
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Boenning & Scattergood Inc is a subchapter s corporation located at 200 Barr Harbor Drive in Conshohocken, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,907,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
157Loan Approved:
2020-04-09Lender:
THE BRYN MAWR TRUST COMPANYBoenning & Scattergood Inc in Conshohocken, PA received a Paycheck Protection Loan of $2.91M through THE BRYN MAWR TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Boenning & Scattergood Inc's total 2019 payroll expenses were approximately $13.96M in order to qualify for the PPP loan amount received.
Based on their reported 157 jobs retained, this equals an estimated average yearly compensation of $88,886 per employee1.
Business Information - Boenning & Scattergood Inc in Conshohocken, PA
200 Barr Harbor Drive
Conshohocken, PA 19428
Business Industry
Investment Banking and Securities Dealing (NAICS code 523110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-04Similar Companies near Conshohocken
In the Conshohocken area, 2 businesses in the "Investment Banking and Securities Dealing" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 157) and received an average PPP loan of $1,714,900 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Fairmount Partners LLC
West Conshohocken, PA
Industry PPP Comparison Statistics
Nationwide, 1,729 businesses in the "Investment Banking and Securities Dealing" industry received a total of $199,393,934.00 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 6 employees, 96% lower than Boenning & Scattergood Inc's reported 157 employees, and received an average PPP loan of $115,323, 96% lower than this company's loan of $2.91M.
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.
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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