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PPP Loan Data — Brookville Equipment Corp, Brookville, PA

SBA PPP loan data, payroll data, and salaries for Brookville Equipment Corp
PA

Brookville Equipment Corp

Entity: Subchapter S Corporation

Industry: Railroad Rolling Stock Manufacturing

Location: Brookville, PA

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Brookville Equipment Corp is a subchapter s corporation located at 175 Evans St in Brookville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,965,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.97M

Jobs Retained:

217

Loan Approved:

2020-04-12

Lender:

PNC BANK, NATIONAL ASSOCIATION

Brookville Equipment Corp in Brookville, PA received a Paycheck Protection Loan of $2.97M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Brookville Equipment Corp's total 2019 payroll expenses were approximately $14.23M in order to qualify for the PPP loan amount received.

Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $65,599 per employee1.

Because the loan received by Brookville Equipment Corp 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 - Brookville Equipment Corp in Brookville, PA

Brookville Equipment Corp
175 Evans St
Brookville, PA 15825

Business Industry

Railroad Rolling Stock Manufacturing (NAICS code 336510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-15

Industry PPP Comparison Statistics

Nationwide, 120 businesses in the "Railroad Rolling Stock Manufacturing" industry received a total of $69,530,804.00 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 40 employees, 82% lower than Brookville Equipment Corp's reported 217 employees, and received an average PPP loan of $579,423, 80% lower than this company's loan of $2.97M.

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.

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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/brookville-equipment-corp-brookville-pa