PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hranec Sheet Metal Inc, Mc Clellandtown, PA

SBA PPP loan data, payroll data, and salaries for Hranec Sheet Metal Inc
PA

Hranec Sheet Metal Inc

Entity: Cooperative

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Mc Clellandtown, PA

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

Loan Size:

$2.78M

Jobs Retained:

170

Loan Approved:

2020-04-10

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.

Because the loan received by Hranec Sheet Metal Inc 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 - Hranec Sheet Metal Inc in Mc Clellandtown, PA

Hranec Sheet Metal Inc
1275 Mcclellandtown Rd
Mc Clellandtown, PA 15458

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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
Markleysburg, PA

$17,800 PPP Loan

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.

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.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hranec-sheet-metal-inc-mc-clellandtown-pa