PPP Loan Data — Burns Engineering Inc, Philadelphia, PA
Burns Engineering Inc is a corporation located at 2 Commerce Square 2001 Market St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,372,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Burns Engineering Inc in Philadelphia, PA received a Paycheck Protection Loan of $4.37M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Burns Engineering Inc's total 2019 payroll expenses were approximately $20.99M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $97,616 per employee1.
Business Information - Burns Engineering Inc in Philadelphia, PA
2 Commerce Square 2001 Market St
Philadelphia, PA 19103
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 7 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 215) and received an average PPP loan of $2,048,375 (compared to this company's $4.37M).
Similar Nearby Businesses Who Received PPP Funding:
Coscia Moos Architecture, LLC
Joseph B Callaghan Inc
Mccormick Taylor, Inc.
Briarwood Property Management LLC
Bruce E Brooks & Associates
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 Burns Engineering Inc's reported 215 employees, and received an average PPP loan of $249,856, 94% lower than this company's loan of $4.37M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!