PPP Loan Data — Brodart Co., Williamsport, PA
Brodart Co. is a partnership located at 500 Arch St. in Williamsport, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,772,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 401 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Brodart Co. in Williamsport, PA received a Paycheck Protection Loan of $3.77M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Brodart Co.'s total 2019 payroll expenses were approximately $18.11M in order to qualify for the PPP loan amount received.
Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $45,151 per employee1.
Business Information - Brodart Co. in Williamsport, PA
500 Arch St.
Williamsport, PA 17701
Book Stores (NAICS code 451211)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-12
Similar Companies near Williamsport
In the Williamsport area, 2 businesses in the "Book Stores" industry received a PPP loan. These local businesses reported an average of 203 employees (compared to this company's 401) and received an average PPP loan of $1,903,950 (compared to this company's $3.77M).
Similar Nearby Businesses Who Received PPP Funding:
Iskat Holdings LLC
Industry PPP Comparison Statistics
Nationwide, 2,218 businesses in the "Book Stores" industry received a total of $126,763,084.00 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 8 employees, 98% lower than Brodart Co.'s reported 401 employees, and received an average PPP loan of $57,152, 98% lower than this company's loan of $3.77M.
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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