FederalPay.org
PPP Loan Data — Clarion Sintered Metals Inc,
Ridgway, PA
Clarion Sintered Metals Inc
Entity: Corporation
Industry: Powder Metallurgy Part Manufacturing
Location: Ridgway, PA
Tweet This
•
Search All PPP Data
Clarion Sintered Metals Inc is a corporation located at 3472 Montmorenci Rd in Ridgway, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,124,600.00 in June, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
231Loan Approved:
2020-06-26Lender:
THE FARMERS NATIONAL BANK OF EMLENTONClarion Sintered Metals Inc received a Paycheck Protection Loan of $3.12M through THE FARMERS NATIONAL BANK OF EMLENTON, which was approved in June, 2020.
Based on standard PPP eligibility rules, Clarion Sintered Metals Inc's total 2019 payroll expenses were approximately $15M in order to qualify for the PPP loan amount received.
Based on their reported 231 jobs retained, this equals an estimated average yearly compensation of $64,927 per employee1.
Business Information - Clarion Sintered Metals Inc in Ridgway, PA
3472 Montmorenci Rd
Ridgway, PA 15853
Business Industry
Powder Metallurgy Part Manufacturing (NAICS code 332117)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-15Similar Companies near Ridgway
In the Ridgway area, 8 businesses in the "Powder Metallurgy Part Manufacturing" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 231) and received an average PPP loan of $578,348 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
Advantage Metal Powders Inc
Ridgway, PA
Continuous Metal Technology Inc
Ridgway, PA
Elk County Powdered Metal, Inc.
Ridgway, PA
Secondary Development & Research, Inc.
Ridgway, PA
Arete Qis LLC
Ridgway, PA
Intech Acquisition Company
Ridgway, PA
Form Fast Powder Material Technologies, LLC
Ridgway, PA
Industry PPP Comparison Statistics
Nationwide, 152 businesses in the "Powder Metallurgy Part Manufacturing" industry received a total of $80,841,045.00 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 45 employees, 81% lower than Clarion Sintered Metals Inc's reported 231 employees, and received an average PPP loan of $531,849, 83% lower than this company's loan of $3.12M.
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.
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!