PPP Loan Data — Heritage Maintenance Products Co LLC, Blue Bell, PA
Heritage Maintenance Products Co LLC
Entity: Limited Liability Company (LLC)
Location: Blue Bell, PATweet This • Search All PPP Data
Heritage Maintenance Products Co LLC is a limited liability company (LLC) located at Po Box 2178 in Blue Bell, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Univest Bank and Trust Co.
Heritage Maintenance Products Co LLC in Blue Bell, PA received a Paycheck Protection Loan of $46,700 through Univest Bank and 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, Heritage Maintenance Products Co LLC's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heritage Maintenance Products Co LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Heritage Maintenance Products Co LLC in Blue Bell, PA
Po Box 2178
Blue Bell, PA 19422
Metal Crown, Closure, and Other Metal Stamping (except Automotive)
NAICS code 332119
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, 1,034 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $433.82M 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 38 employees, 1167% higher than Heritage Maintenance Products Co LLC's reported 3 employees, and received an average PPP loan of $419,558, 798% higher than this company's loan of $46,700.
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Footnotes & Information
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