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PPP Loan Data — Heartland Fabrication, LLC,
Brownsville, PA
Heartland Fabrication, LLC
Entity: Limited Liability Company (LLC)
Industry: Ship Building and Repairing
Location: Brownsville, PA
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Heartland Fabrication, LLC is a limited liability company (LLC) located at 1800 Paul Thomas Blvd in Brownsville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,181,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-04Lender:
UNITED COMMUNITY BANKHeartland Fabrication, LLC in Brownsville, PA received a Paycheck Protection Loan of $3.18M through UNITED COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heartland Fabrication, LLC's total 2019 payroll expenses were approximately $15.27M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $76,349 per employee1.
Business Information - Heartland Fabrication, LLC in Brownsville, PA
1800 Paul Thomas Blvd
Brownsville, PA 15417
Business Industry
Ship Building and Repairing (NAICS code 336611)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: PA-14Industry PPP Comparison Statistics
Nationwide, 683 businesses in the "Ship Building and Repairing" industry received a total of $279,273,080.00 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, 88% lower than Heartland Fabrication, LLC's reported 200 employees, and received an average PPP loan of $408,892, 87% lower than this company's loan of $3.18M.
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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