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PPP Loan Data — Engle Printing & Publishing Co., Inc, Mount Joy, PA

SBA PPP loan data, payroll data, and salaries for Engle Printing & Publishing Co., Inc
PA

Engle Printing & Publishing Co., Inc

Entity: Subchapter S Corporation

Industry: Commercial Printing (except Screen and Books)

Location: Mount Joy, PA

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Engle Printing & Publishing Co., Inc is a subchapter s corporation located at 1425 West Main Street in Mount Joy, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,355,502.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 233 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8609117108

Loan Size:

$2.36M

Jobs Retained:

233

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Engle Printing & Publishing Co., Inc in Mount Joy, PA received a Paycheck Protection Loan of $2.36M through Manufacturers and Traders Trust Company, which was approved in April, 2020.

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Engle Printing & Publishing Co., Inc's 2019 payroll expenses are estimated to be at least $11.31M.

Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $48,525 per employee1

Reported PPP Proceed Usage:

On the PPP application, Engle Printing & Publishing Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,825,000
  • Utilities: $85,502
  • Rent: $60,000
  • Health Care: $375,000
  • Debt Interest: $10,000
Because the loan received by Engle Printing & Publishing Co., Inc 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 - Engle Printing & Publishing Co., Inc in Mount Joy, PA

Engle Printing & Publishing Co., Inc
1425 West Main Street
Mount Joy, PA 17552

Business Industry:
Commercial Printing (except Screen and Books)
NAICS code 323111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lancaster County, PA — SBA Office 0303 — Congressional District: PA-11

Similar Companies near Mount Joy

In the Mount Joy area, 3 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 233) and received an average PPP loan of $917,446 (compared to this company's $2.36M).

Similar Nearby Businesses Who Received PPP Funding:

National Envelope Imprinting, Inc
Mount Joy, PA

$198,125 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 12 employees, 95% lower than Engle Printing & Publishing Co., Inc's reported 233 employees, and received an average PPP loan of $128,160, 95% lower than this company's loan of $2.36M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/engle-printing-publishing-co-inc-mount-joy-pa