PPP Loan Data — George J. Hayden Inc, Hazleton, PA
George J. Hayden Inc
Location: Hazleton, PATweet This • Search All PPP Data
George J. Hayden Inc is a corporation located at 235 East Maple Street in Hazleton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,751,180.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Keystone Community Bank
George J. Hayden Inc in Hazleton, PA received a Paycheck Protection Loan of $1.75M through First Keystone Community Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, George J. Hayden Inc's 2019 payroll expenses are estimated to be at least $8.41M.
Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $80,054 per employee1
Reported PPP Proceed Usage:
On the PPP application, George J. Hayden Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,751,180
Business Information - George J. Hayden Inc in Hazleton, PA
235 East Maple Street
Hazleton, PA 18201
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hazleton
In the Hazleton area, 5 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 105) and received an average PPP loan of $377,983 (compared to this company's $1.75M).
Similar Nearby Businesses Who Received PPP Funding:
American Eagle Solutions LTD
West Hazleton, PA
Juan Jose Tejada Ventura
West Hazleton, PA
Mark S Osadchy
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 90% lower than George J. Hayden Inc's reported 105 employees, and received an average PPP loan of $142,494, 92% lower than this company's loan of $1.75M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!