PPP Loan Data — Equipment & Controls, Inc., Lawrence, PA
Equipment & Controls, Inc.
Industry: Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Location: Lawrence, PATweet This • Search All PPP Data
Equipment & Controls, Inc. is a corporation located at 2 Park Dr in Lawrence, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,564,400.00 in April, 2020.
$ PPP Loan Information
Lender:DOLLAR BANK, A FEDERAL SAVINGS BANK
Equipment & Controls, Inc. in Lawrence, PA received a Paycheck Protection Loan of $5.56M through DOLLAR BANK, A FEDERAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Equipment & Controls, Inc.'s total 2019 payroll expenses were approximately $26.71M in order to qualify for the PPP loan amount received.
Based on their reported 288 jobs retained, this equals an estimated average yearly compensation of $92,740 per employee1.
Business Information - Equipment & Controls, Inc. in Lawrence, PA
2 Park Dr
Lawrence, PA 15055
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-14
Industry PPP Comparison Statistics
Nationwide, 719 businesses in the "Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables" industry received a total of $285,355,038.00 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 24 employees, 92% lower than Equipment & Controls, Inc.'s reported 288 employees, and received an average PPP loan of $396,878, 93% lower than this company's loan of $5.56M.
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