PPP Loan Data — Gwynedd Manufacturing Inc. And Affiliates, North Wales, PA
Gwynedd Manufacturing Inc. And Affiliates
Entity: Subchapter S Corporation
Location: North Wales, PATweet This • Search All PPP Data
Gwynedd Manufacturing Inc. And Affiliates is a subchapter s corporation located at 800 East Walnut Street in North Wales, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,834,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Gwynedd Manufacturing Inc. And Affiliates in North Wales, PA received a Paycheck Protection Loan of $2.83M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 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, Gwynedd Manufacturing Inc. And Affiliates' 2019 payroll expenses are estimated to be at least $13.6M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $56,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gwynedd Manufacturing Inc. And Affiliates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,834,000
Business Information - Gwynedd Manufacturing Inc. And Affiliates in North Wales, PA
800 East Walnut Street
North Wales, PA 19454
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
NAICS code 332994
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 517 businesses in the "Small Arms, Ordnance, and Ordnance Accessories Manufacturing" industry received a total of $125.48M 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 21 employees, 91% lower than Gwynedd Manufacturing Inc. And Affiliates' reported 240 employees, and received an average PPP loan of $242,706, 91% lower than this company's loan of $2.83M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!