PPP Loan Data — Frank F Debor Funeral Home Inc, Pittsburgh, PA
Frank F Debor Funeral Home Inc is a corporation located at 1065 Brookline Blvd in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Frank F Debor Funeral Home Inc in Pittsburgh, PA received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Frank F Debor Funeral Home Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frank F Debor Funeral Home Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Frank F Debor Funeral Home Inc in Pittsburgh, PA
1065 Brookline Blvd
Pittsburgh, PA 15226
Funeral Homes and Funeral Services
NAICS code 812210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pittsburgh
In the Pittsburgh area, 4 businesses in the "Funeral Homes and Funeral Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $47,956 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
MBA Industries LLC
John F Slater Funeral Home Inc
Industry PPP Comparison Statistics
Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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, 167% higher than Frank F Debor Funeral Home Inc's reported 3 employees, and received an average PPP loan of $61,448, 146% higher than this company's loan of $25,000.
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Footnotes & Information
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