PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Fields Sporting Goods Inc, Bristol, PA

ALERT: There are 2 PPP loans for a total of $92,130 in our database for businesses with the name "Fields Sporting Goods Inc" in Bristol, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Fields Sporting Goods Inc
PA

Fields Sporting Goods Inc

Entity: Corporation

Industry: Commercial Screen Printing

Location: Bristol, PA

Search All PPP Data

Fields Sporting Goods Inc is a corporation located at 701 Canal St Ste B1 in Bristol, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,065.00 in February, 2021.

$ PPP Loan Information
Loan #4438678409

Loan Size:

$46,065

Jobs Retained:

7

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

Penn Community Bank

Fields Sporting Goods Inc in Bristol, PA received a Paycheck Protection Loan of $46,065 through Penn Community Bank, which was approved in February, 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

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, Fields Sporting Goods Inc's 2019 payroll expenses are estimated to be at least $221,112.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,587 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fields Sporting Goods Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,065

Business Information - Fields Sporting Goods Inc in Bristol, PA

Fields Sporting Goods Inc
701 Canal St Ste B1
Bristol, PA 19007

Business Industry:
Commercial Screen Printing
NAICS code 323113

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bucks County, PA — SBA Office 0303 — Congressional District: PA-01

Similar Companies near Bristol

In the Bristol area, 7 businesses in the "Commercial Screen Printing" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $82,484 (compared to this company's $46,065).

Industry PPP Comparison Statistics

Nationwide, 10,551 businesses in the "Commercial Screen Printing" industry received a total of $660.61M 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 8 employees, 14% higher than Fields Sporting Goods Inc's reported 7 employees, and received an average PPP loan of $62,611, 36% higher than this company's loan of $46,065.

SBA PPP loan data, payroll data, and salaries for Fields Sporting Goods Inc
PA

Fields Sporting Goods Inc

Entity: Corporation

Industry: Other Clothing Stores

Location: Bristol, PA

Search All PPP Data

Fields Sporting Goods Inc is a corporation located at 701 Canal Street in Bristol, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,065.00 in April, 2020.

$ PPP Loan Information
Loan #5560687207

Loan Size:

$46,065

Jobs Retained:

7

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

Penn Community Bank

Fields Sporting Goods Inc in Bristol, PA received a Paycheck Protection Loan of $46,065 through Penn Community Bank, 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, Fields Sporting Goods Inc's 2019 payroll expenses are estimated to be at least $221,112.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,587 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fields Sporting Goods Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,065

Business Information - Fields Sporting Goods Inc in Bristol, PA

Fields Sporting Goods Inc
701 Canal Street
Bristol, PA 19007

Business Industry:
Other Clothing Stores
NAICS code 448190

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bucks County, PA — SBA Office 0303 — Congressional District: PA-01

Similar Companies near Bristol

In the Bristol area, 4 businesses in the "Other Clothing Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $21,126 (compared to this company's $46,065).

Industry PPP Comparison Statistics

Nationwide, 19,419 businesses in the "Other Clothing Stores" industry received a total of $642.94M 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 5 employees, 29% lower than Fields Sporting Goods Inc's reported 7 employees, and received an average PPP loan of $33,109, 28% lower than this company's loan of $46,065.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fields-sporting-goods-inc-bristol-pa