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PPP Loan Data — Hcsc Blood Center, Allentown, PA

SBA PPP loan data, payroll data, and salaries for Hcsc Blood Center

Hcsc Blood Center

Entity: Corporation

Industry: Blood and Organ Banks

Location: Allentown, PA

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Hcsc Blood Center is a corporation located at 2171 28th Street, S.w. in Allentown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,575,838.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Hcsc Blood Center received a Paycheck Protection Loan of $2.58M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Hcsc Blood Center's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 238 jobs retained, this equals an estimated average yearly compensation of $51,950 per employee1.

Because the loan received by Hcsc Blood Center 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 - Hcsc Blood Center in Allentown, PA

Hcsc Blood Center
2171 28th Street, S.w.
Allentown, PA 18103

Business Industry

Blood and Organ Banks (NAICS code 621991)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-07

Industry PPP Comparison Statistics

Nationwide, 627 businesses in the "Blood and Organ Banks" industry received a total of $196,601,905.00 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 25 employees, 89% lower than Hcsc Blood Center's reported 238 employees, and received an average PPP loan of $313,560, 88% lower than this company's loan of $2.58M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **