PPP Loan Data — Hranec Sheet Metal Inc, Mc Clellandtown, PA
Hranec Sheet Metal Inc
Location: Mc Clellandtown, PATweet This • Search All PPP Data
Hranec Sheet Metal Inc is a cooperative located at 1275 Mcclellandtown Rd in Mc Clellandtown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,782,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 170 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Hranec Sheet Metal Inc in Mc Clellandtown, PA received a Paycheck Protection Loan of $2.78M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hranec Sheet Metal Inc's total 2019 payroll expenses were approximately $13.36M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $78,573 per employee1.
Business Information - Hranec Sheet Metal Inc in Mc Clellandtown, PA
1275 Mcclellandtown Rd
Mc Clellandtown, PA 15458
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: PA-14
Similar Companies near Mc Clellandtown
In the Mc Clellandtown area, 2 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 170) and received an average PPP loan of $1,400,300 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Savage Plumbing & Heating
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 94% lower than Hranec Sheet Metal Inc's reported 170 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.78M.
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Footnotes & Information
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