PPP Loan Data — Huntington Learning Center, Cranberry Twp, PA
Huntington Learning Center
Entity: Subchapter S Corporation
Location: Cranberry Twp, PATweet This • Search All PPP Data
Huntington Learning Center is a subchapter s corporation located at 20636 Route 19 in Cranberry Twp, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Huntington Learning Center in Cranberry Twp, PA received a Paycheck Protection Loan of $47,100 through PNC Bank, National Association, which was approved in May, 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, Huntington Learning Center's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $9,043 per employee1
Reported PPP Proceed Usage:
On the PPP application, Huntington Learning Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,100
Business Information - Huntington Learning Center in Cranberry Twp, PA
20636 Route 19
Cranberry Twp, PA 16066
Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing
NAICS code 333612
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 399 businesses in the "Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing" industry received a total of $77.48M 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 15 employees, 40% lower than Huntington Learning Center's reported 25 employees, and received an average PPP loan of $194,191, 312% higher than this company's loan of $47,100.
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