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

PPP Loan Data — Consolidated Scrap Resources Inc, York, PA

ALERT: There are 2 PPP loans for a total of $3.32M in our database for businesses with the name "Consolidated Scrap Resources Inc" in York, 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 Consolidated Scrap Resources Inc
PA

Consolidated Scrap Resources Inc

Entity: Subchapter S Corporation

Industry: Recyclable Material Merchant Wholesalers

Location: York, PA

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Consolidated Scrap Resources Inc is a subchapter s corporation located at 120 Hokes Mill Rd in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,660,472.00 in January, 2021.

$ PPP Loan Information
Loan #6951508306

Loan Size:

$1.66M

Jobs Retained:

100

Loan Approved:

2021-01-27

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Consolidated Scrap Resources Inc in York, PA received a Paycheck Protection Loan of $1.66M 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, Consolidated Scrap Resources Inc's 2019 payroll expenses are estimated to be at least $7.97M.

Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $79,703 per employee1

Reported PPP Proceed Usage:

On the PPP application, Consolidated Scrap Resources Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,660,471
  • Utilities: $1

Business Information - Consolidated Scrap Resources Inc in York, PA

Consolidated Scrap Resources Inc
120 Hokes Mill Rd
York, PA 17404

Business Industry:
Recyclable Material Merchant Wholesalers
NAICS code 423930

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

York County, PA — SBA Office 0303 — Congressional District: PA-10

Similar Companies near York

In the York area, 4 businesses in the "Recyclable Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 100) and received an average PPP loan of $591,957 (compared to this company's $1.66M).

Industry PPP Comparison Statistics

Nationwide, 7,225 businesses in the "Recyclable Material Merchant Wholesalers" industry received a total of $953.32M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 14 employees, 86% lower than Consolidated Scrap Resources Inc's reported 100 employees, and received an average PPP loan of $131,947, 92% lower than this company's loan of $1.66M.

SBA PPP loan data, payroll data, and salaries for Consolidated Scrap Resources, Inc
PA

Consolidated Scrap Resources, Inc

Entity: Subchapter S Corporation

Industry: Materials Recovery Facilities

Location: York, PA

Search All PPP Data

Consolidated Scrap Resources, Inc is a subchapter s corporation located at 120 Hokes Mill Road in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,660,472.00 in April, 2020.

$ PPP Loan Information
Loan #9342227100

Loan Size:

$1.66M

Jobs Retained:

117

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Manufacturers and Traders Trust Company

Consolidated Scrap Resources, Inc in York, PA received a Paycheck Protection Loan of $1.66M through Manufacturers and Traders Trust Company, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

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, Consolidated Scrap Resources, Inc's 2019 payroll expenses are estimated to be at least $7.97M.

Based on their reported 117 jobs retained, this equals an estimated average yearly compensation of $68,122 per employee1

Reported PPP Proceed Usage:

On the PPP application, Consolidated Scrap Resources, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,250,000
  • Utilities: $110,000
  • Mortgage Interest: $120,000
  • Health Care: $180,472

Business Information - Consolidated Scrap Resources, Inc in York, PA

Consolidated Scrap Resources, Inc
120 Hokes Mill Road
York, PA 17404

Business Industry:
Materials Recovery Facilities
NAICS code 562920

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

York County, PA — SBA Office 0303 — Congressional District: PA-10

Industry PPP Comparison Statistics

Nationwide, 1,445 businesses in the "Materials Recovery Facilities" industry received a total of $236.9M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 18 employees, 85% lower than Consolidated Scrap Resources, Inc's reported 117 employees, and received an average PPP loan of $163,947, 90% lower than this company's loan of $1.66M.

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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Source: www.federalpay.org/paycheck-protection-program/consolidated-scrap-resources-inc-york-pa