PPP Loan Data — Clemens Construction Co., Inc., Philadelphia, PA
Clemens Construction Co., Inc.
Entity: Subchapter S Corporation
Location: Philadelphia, PATweet This • Search All PPP Data
Clemens Construction Co., Inc. is a subchapter s corporation located at 1435 Walnut Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,256,060.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Clemens Construction Co., Inc. received a Paycheck Protection Loan of $3.26M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Clemens Construction Co., Inc.'s total 2019 payroll expenses were approximately $15.63M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $70,086 per employee1.
Business Information - Clemens Construction Co., Inc. in Philadelphia, PA
1435 Walnut Street
Philadelphia, PA 19102
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 13 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 223) and received an average PPP loan of $433,720 (compared to this company's $3.26M).
Similar Nearby Businesses Who Received PPP Funding:
Paul S Building Maintenance
Space By Spielman Limited
Joyfer Joint Venture
Fortjoy Development 2 LP
Kornegay Contracting Company
M.M.B. Contractors, Inc.
MJ Settelen Construction, LLC
APP Philadelphia Construction LLC
C Erickson And Sons Inc
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 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 13 employees, 94% lower than Clemens Construction Co., Inc.'s reported 223 employees, and received an average PPP loan of $203,235, 94% lower than this company's loan of $3.26M.
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