PPP Loan Data — Corry Manufacturing Company, Corry, PA
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
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.
Business Information - Corry Manufacturing Company in Corry, PA
519 West Main St
Corry, PA 16407
Aircraft Engine and Engine Parts Manufacturing (NAICS code 336412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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Footnotes & Information
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