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PPP Loan Data — Corry Manufacturing Company, Corry, PA

SBA PPP loan data, payroll data, and salaries for Corry Manufacturing Company
PA

Corry Manufacturing Company

Entity: Subchapter S Corporation

Industry: Aircraft Engine and Engine Parts Manufacturing

Location: Corry, PA

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Corry Manufacturing Company is a subchapter s corporation located at 519 West Main St in Corry, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,165,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.17M

Jobs Retained:

315

Loan Approved:

2020-04-10

Lender:

KEYBANK NATIONAL ASSOCIATION

Corry Manufacturing Company in Corry, PA received a Paycheck Protection Loan of $3.17M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Corry Manufacturing Company's total 2019 payroll expenses were approximately $15.19M in order to qualify for the PPP loan amount received.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $48,232 per employee1.

Because the loan received by Corry Manufacturing Company 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 - Corry Manufacturing Company in Corry, PA

Corry Manufacturing Company
519 West Main St
Corry, PA 16407

Business Industry

Aircraft Engine and Engine Parts Manufacturing (NAICS code 336412)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-16

Similar Companies near Corry

In the Corry area, 2 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 315) and received an average PPP loan of $1,637,364 (compared to this company's $3.17M).

Similar Nearby Businesses Who Received PPP Funding:

Corry Laser Technology, Inc.
Corry, PA

$109,527 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 449 businesses in the "Aircraft Engine and Engine Parts Manufacturing" industry received a total of $220,243,418.00 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 32 employees, 90% lower than Corry Manufacturing Company's reported 315 employees, and received an average PPP loan of $490,520, 85% lower than this company's loan of $3.17M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/corry-manufacturing-company-corry-pa