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PPP Loan Data — Goodway Group, Inc.,
Jenkintown, PA
Goodway Group, Inc.
Entity: Subchapter S Corporation
Industry: Advertising Agencies
Location: Jenkintown, PA
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Goodway Group, Inc. is a subchapter s corporation located at 261 York Rd., #930 in Jenkintown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $7,038,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
339Loan Approved:
2020-04-14Lender:
PNC BANK, NATIONAL ASSOCIATIONGoodway Group, Inc. in Jenkintown, PA received a Paycheck Protection Loan of $7.04M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Goodway Group, Inc.'s total 2019 payroll expenses were approximately $33.78M in order to qualify for the PPP loan amount received.
Based on their reported 339 jobs retained, this equals an estimated average yearly compensation of $99,660 per employee1.
Business Information - Goodway Group, Inc. in Jenkintown, PA
261 York Rd., #930
Jenkintown, PA 19046
Business Industry
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-04Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 98% lower than Goodway Group, Inc.'s reported 339 employees, and received an average PPP loan of $126,253, 98% lower than this company's loan of $7.04M.
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, and is published unmodified, as provided by the SBA.
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.
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