PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Clark Service Group Inc, Lancaster, PA

ALERT: There are 2 PPP loans for a total of $4.86M in our database for businesses with the name "Clark Service Group Inc" in Lancaster, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Clark Service Group Inc
PA

Clark Service Group Inc

Entity: Subchapter S Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Lancaster, PA

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Clark Service Group Inc is a subchapter s corporation located at 3019 Hempland Rd in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.

$ PPP Loan Information Loan #4497218302

Loan Size:

$2M

Jobs Retained:

180

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Clark Service Group Inc in Lancaster, PA received a Paycheck Protection Loan of $2M through Manufacturers and Traders Trust Company, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Clark Service Group Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $53,333 per employee1

Reported PPP Proceed Usage:

On the PPP application, Clark Service Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Clark Service Group Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Clark Service Group Inc in Lancaster, PA

Clark Service Group Inc
3019 Hempland Rd
Lancaster, PA 17601

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lancaster County, PA — SBA Office 0303 — Congressional District: PA-11

Similar Companies near Lancaster

In the Lancaster area, 30 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 180) and received an average PPP loan of $275,103 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 92,319 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12,584,428,809.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 94% lower than Clark Service Group Inc's reported 180 employees, and received an average PPP loan of $136,315, 93% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Clark Service Group, Inc
PA

Clark Service Group, Inc

Entity: Subchapter S Corporation

Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Location: Lancaster, PA

Search All PPP Data

Clark Service Group, Inc is a subchapter s corporation located at 3019 Hempland Road in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,856,307.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 202 people during the applicable loan loan period.

$ PPP Loan Information Loan #8020267104

Loan Size:

$2.86M

Jobs Retained:

202

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Clark Service Group, Inc in Lancaster, PA received a Paycheck Protection Loan of $2.86M through Manufacturers and Traders Trust Company, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Clark Service Group, Inc's 2019 payroll expenses are estimated to be at least $13.71M.

Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $67,873 per employee1

Reported PPP Proceed Usage:

On the PPP application, Clark Service Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,456,307
  • Utilities: $20,000
  • Rent: $110,000
  • Health Care: $250,000
  • Debt Interest: $20,000
Because the loan received by Clark Service Group, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Clark Service Group, Inc in Lancaster, PA

Clark Service Group, Inc
3019 Hempland Road
Lancaster, PA 17601

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lancaster County, PA — SBA Office 0303 — Congressional District: PA-11

Similar Companies near Lancaster

In the Lancaster area, 6 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 202) and received an average PPP loan of $613,401 (compared to this company's $2.86M).

Industry PPP Comparison Statistics

Nationwide, 19,898 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2,194,949,114.00 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 10 employees, 95% lower than Clark Service Group, Inc's reported 202 employees, and received an average PPP loan of $110,310, 96% lower than this company's loan of $2.86M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/clark-service-group-inc-lancaster-pa