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

PPP Loan Data — Fred Beans Parts Inc., Doylestown, PA

SBA PPP loan data, payroll data, and salaries for Fred Beans Parts Inc.
PA

Fred Beans Parts Inc.

Entity: Corporation

Industry: Motor Vehicle Supplies and New Parts Merchant Wholesalers

Location: Doylestown, PA

Search All PPP Data

Fred Beans Parts Inc. is a corporation located at 131 Doyle Street in Doylestown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,071,320.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.07M

Jobs Retained:

319

Loan Approved:

2020-04-09

Lender:

THE HUNTINGTON NATIONAL BANK

Fred Beans Parts Inc. received a Paycheck Protection Loan of $3.07M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Fred Beans Parts Inc.'s total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.

Based on their reported 319 jobs retained, this equals an estimated average yearly compensation of $46,214 per employee1.

Because the loan received by Fred Beans Parts 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 - Fred Beans Parts Inc. in Doylestown, PA

Fred Beans Parts Inc.
131 Doyle Street
Doylestown, PA 18901

Business Industry

Motor Vehicle Supplies and New Parts Merchant Wholesalers (NAICS code 423120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-01

Similar Companies near Doylestown

In the Doylestown area, 2 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 162 employees (compared to this company's 319) and received an average PPP loan of $1,545,510 (compared to this company's $3.07M).

Similar Nearby Businesses Who Received PPP Funding:

Precision Auto & Tire, LLC
Doylestown, PA

$19,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,042 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $644,135,263.00 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 13 employees, 96% lower than Fred Beans Parts Inc.'s reported 319 employees, and received an average PPP loan of $159,361, 95% lower than this company's loan of $3.07M.

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.

Search FederalPay's Full PPP Loan Database

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.


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/fred-beans-parts-inc-doylestown-pa