FederalPay.org
PPP Loan Data — Henderson Brothers,
Pittsburgh, PA
Henderson Brothers
Entity: Corporation
Industry: Insurance Agencies and Brokerages
Location: Pittsburgh, PA
Tweet This
•
Search All PPP Data
Henderson Brothers is a corporation located at 920 Fort Duquesne Blvd in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,440,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
166Loan Approved:
2020-04-15Lender:
PNC BANK, NATIONAL ASSOCIATIONHenderson Brothers received a Paycheck Protection Loan of $2.44M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Henderson Brothers' total 2019 payroll expenses were approximately $11.72M in order to qualify for the PPP loan amount received.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $70,574 per employee1.
Business Information - Henderson Brothers in Pittsburgh, PA
920 Fort Duquesne Blvd
Pittsburgh, PA 15222
Business Industry
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-18Similar Companies near Pittsburgh
In the Pittsburgh area, 20 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 166) and received an average PPP loan of $240,857 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
The Earl Luttner Group, Inc
Pittsburgh, PA
Quality Insurance Concepts Inc
Pittsburgh, PA
Financial Associates Inc
Pittsburgh, PA
The Monteverde Group, LLC
Pittsburgh, PA
Ifft & Palmer Associates, LLC
Pittsburgh, PA
R.A. Matusz And Associates, Inc
Pittsburgh, PA
RCM Consultants Inc
Pittsburgh, PA
Andrew Peterson
Pittsburgh, PA
Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Henderson Brothers' reported 166 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.44M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!