PPP Loan Data — David H. Martin Excavating, Incorporated, Chambersburg, PA
David H. Martin Excavating, Incorporated is a corporation located at 4961 Cumberland Hwy in Chambersburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,516,148.00 in April, 2020.
$ PPP Loan Information
Lender:FARMERS AND MERCHANTS TRUST COMPANY OF CHAMBERSBURG
David H. Martin Excavating, Incorporated in Chambersburg, PA received a Paycheck Protection Loan of $2.52M through FARMERS AND MERCHANTS TRUST COMPANY OF CHAMBERSBURG, which was approved in April, 2020.
Based on standard PPP eligibility rules, David H. Martin Excavating, Incorporated's total 2019 payroll expenses were approximately $12.08M in order to qualify for the PPP loan amount received.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $61,936 per employee1.
Business Information - David H. Martin Excavating, Incorporated in Chambersburg, PA
4961 Cumberland Hwy
Chambersburg, PA 17202
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-13
Similar Companies near Chambersburg
In the Chambersburg area, 3 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 78 employees (compared to this company's 195) and received an average PPP loan of $1,008,212 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
JD Wagoner Excavating
Scotts Hauling & Excavating, Inc
Industry PPP Comparison Statistics
Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 94% lower than David H. Martin Excavating, Incorporated's reported 195 employees, and received an average PPP loan of $167,667, 93% lower than this company's loan of $2.52M.
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.
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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