PPP Loan Data — Interstate Chemical Company Inc, Hermitage, PA
Interstate Chemical Company Inc
Location: Hermitage, PATweet This • Search All PPP Data
Interstate Chemical Company Inc is a corporation located at 2797 Freedland Road in Hermitage, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,342,600.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Interstate Chemical Company Inc in Hermitage, PA received a Paycheck Protection Loan of $4.34M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Interstate Chemical Company Inc's total 2019 payroll expenses were approximately $20.84M in order to qualify for the PPP loan amount received.
Unlike most businesses, Interstate Chemical Company Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Interstate Chemical Company Inc in Hermitage, PA
2797 Freedland Road
Hermitage, PA 16148
Other Chemical and Allied Products Merchant Wholesalers (NAICS code 424690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-16
Similar Companies near Hermitage
In the Hermitage area, 2 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $2,333,400 (compared to this company's $4.34M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,140 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a total of $406,941,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, and received an average PPP loan of $190,159, 96% lower than this company's loan of $4.34M.
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