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PPP Loan Data — C F Martin & Co Inc,
Nazareth, PA
C F Martin & Co Inc
Entity: Corporation
Industry: Musical Instrument Manufacturing
Location: Nazareth, PA
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C F Martin & Co Inc is a corporation located at 510 Sycamore St in Nazareth, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $7,825,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
499Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONC F Martin & Co Inc in Nazareth, PA received a Paycheck Protection Loan of $7.83M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, C F Martin & Co Inc's total 2019 payroll expenses were approximately $37.56M in order to qualify for the PPP loan amount received.
Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $75,278 per employee1.
Business Information - C F Martin & Co Inc in Nazareth, PA
510 Sycamore St
Nazareth, PA 18064
Business Industry
Musical Instrument Manufacturing (NAICS code 339992)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-07Industry PPP Comparison Statistics
Nationwide, 488 businesses in the "Musical Instrument Manufacturing" industry received a total of $80,643,359.00 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 14 employees, 97% lower than C F Martin & Co Inc's reported 499 employees, and received an average PPP loan of $165,253, 98% lower than this company's loan of $7.83M.
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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