PPP Loan Data — Charles Matsinger Associates Inc, Philadelphia, PA
Charles Matsinger Associates Inc is a subchapter s corporation located at 399 Market St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $253,800.00 in May, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Charles Matsinger Associates Inc received a Paycheck Protection Loan of $253,800 through PNC BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Charles Matsinger Associates Inc's total 2019 payroll expenses were approximately $1.22M in order to qualify for the PPP loan amount received.
Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $76,140 per employee1.
Business Information - Charles Matsinger Associates Inc in Philadelphia, PA
399 Market St
Philadelphia, PA 19106
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 33 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 16) and received an average PPP loan of $890,367 (compared to this company's $253,800).
Similar Nearby Businesses Who Received PPP Funding:
Metcalfe Architecture & Design, LLC
The Ballinger Company
Abitare Design Studio LLC
Studio Bryan Hanes, LLC
Hellyer Berman Lewis Inc
JKR Partners, LLC
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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, 50% lower than Charles Matsinger Associates Inc's reported 16 employees, and received an average PPP loan of $149,750, 41% lower than this company's loan of $253,800.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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