PPP Loan Data — Conewago Enterprises, Inc., Hanover, PA
Conewago Enterprises, Inc.
Entity: Subchapter S Corporation
Location: Hanover, PATweet This • Search All PPP Data
Conewago Enterprises, Inc. is a subchapter s corporation located at 660 Edgegrove Rd in Hanover, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,326,100.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Conewago Enterprises, Inc. received a Paycheck Protection Loan of $3.33M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Conewago Enterprises, Inc.'s total 2019 payroll expenses were approximately $15.97M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $73,913 per employee1.
Business Information - Conewago Enterprises, Inc. in Hanover, PA
660 Edgegrove Rd
Hanover, PA 17331
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-13
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 Conewago Enterprises, Inc.'s reported 216 employees, and received an average PPP loan of $203,235, 94% lower than this company's loan of $3.33M.
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