PPP Loan Data — Dan Bonnell, Fountain Hill, PA
Dan Bonnell is a limited liability company (LLC) located at 625 Forrest St in Fountain Hill, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
Dan Bonnell in Fountain Hill, PA received a Paycheck Protection Loan of $25,000 through Fulton Bank, National Association, 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
Understanding Payroll Estimates Based On PPP Amount
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, Dan Bonnell's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dan Bonnell reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
- Utilities: $1
Business Information - Dan Bonnell in Fountain Hill, PA
625 Forrest St
Fountain Hill, PA 18015
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fountain Hill
In the Fountain Hill area, 28 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $26,119 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bob Stetser & Associates
Lehigh Valley Satisfaction Inc
Cut-N-Vac Lawncare Systems Inc
Terras Solutions LLC
Appalachian Creations Inc
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by Dan Bonnell and received an average PPP loan of $23,676, 5% lower than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!