PPP Loan Data — Chrin Of Delaware, Inc, Easton, PA
Chrin Of Delaware, Inc is a corporation located at 400 S. Greenwood Ave in Easton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,913,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fidelity Deposit and Discount Bank
Chrin Of Delaware, Inc in Easton, PA received a Paycheck Protection Loan of $1.91M through Fidelity Deposit and Discount Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Chrin Of Delaware, Inc's 2019 payroll expenses are estimated to be at least $9.18M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $80,556 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chrin Of Delaware, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,913,200
Business Information - Chrin Of Delaware, Inc in Easton, PA
400 S. Greenwood Ave
Easton, PA 18045
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Easton
In the Easton area, 2 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 114) and received an average PPP loan of $972,124 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 89% lower than Chrin Of Delaware, Inc's reported 114 employees, and received an average PPP loan of $139,293, 93% lower than this company's loan of $1.91M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!