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PPP Loan Data — Donegal Construction Corporation, Hunker, PA

SBA PPP loan data, payroll data, and salaries for Donegal Construction Corporation
PA

Donegal Construction Corporation

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Hunker, PA

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Donegal Construction Corporation is a corporation located at 700 Excel Drive in Hunker, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,509,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.51M

Jobs Retained:

237

Loan Approved:

2020-04-15

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

Donegal Construction Corporation in Hunker, PA received a Paycheck Protection Loan of $2.51M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Donegal Construction Corporation's total 2019 payroll expenses were approximately $12.05M in order to qualify for the PPP loan amount received.

Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $50,823 per employee1.

Because the loan received by Donegal Construction Corporation 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 - Donegal Construction Corporation in Hunker, PA

Donegal Construction Corporation
700 Excel Drive
Hunker, PA 15639

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-14

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 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 26 employees, 89% lower than Donegal Construction Corporation's reported 237 employees, and received an average PPP loan of $405,656, 84% lower than this company's loan of $2.51M.

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.

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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/donegal-construction-corporation-hunker-pa