PPP Loan Data — Clark Material Handling Co, Lexington, KY
Clark Material Handling Co
Location: Lexington, KYTweet This • Search All PPP Data
Clark Material Handling Co is a corporation located at 700 Enterprise Dr in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,579,800.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Clark Material Handling Co in Lexington, KY received a Paycheck Protection Loan of $3.58M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Clark Material Handling Co's total 2019 payroll expenses were approximately $17.18M in order to qualify for the PPP loan amount received.
Based on their reported 319 jobs retained, this equals an estimated average yearly compensation of $53,865 per employee1.
Business Information - Clark Material Handling Co in Lexington, KY
700 Enterprise Dr
Lexington, KY 40510
Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing (NAICS code 333924)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-06
Industry PPP Comparison Statistics
Nationwide, 510 businesses in the "Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing" industry received a total of $132,525,390.00 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 19 employees, 94% lower than Clark Material Handling Co's reported 319 employees, and received an average PPP loan of $259,854, 93% lower than this company's loan of $3.58M.
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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