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PPP Loan Data — Interstate Maintenance Corp, Horsham, PA

SBA PPP loan data, payroll data, and salaries for Interstate Maintenance Corp
PA

Interstate Maintenance Corp

Entity: Subchapter S Corporation

Industry: Janitorial Services

Location: Horsham, PA

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Interstate Maintenance Corp is a subchapter s corporation located at 508 Prudential Rd in Horsham, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,643,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.64M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

PNC BANK, NATIONAL ASSOCIATION

Interstate Maintenance Corp received a Paycheck Protection Loan of $2.64M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Interstate Maintenance Corp's total 2019 payroll expenses were approximately $12.69M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $25,377 per employee1.

Because the loan received by Interstate Maintenance Corp 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 - Interstate Maintenance Corp in Horsham, PA

Interstate Maintenance Corp
508 Prudential Rd
Horsham, PA 19044

Business Industry

Janitorial Services (NAICS code 561720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-04

Similar Companies near Horsham

In the Horsham area, 3 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 169 employees (compared to this company's 500) and received an average PPP loan of $1,561,133 (compared to this company's $2.64M).

Industry PPP Comparison Statistics

Nationwide, 31,508 businesses in the "Janitorial Services" industry received a total of $2,265,370,248.00 in PPP loans. These businesses account for 1% 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, 98% lower than Interstate Maintenance Corp's reported 500 employees, and received an average PPP loan of $71,898, 97% lower than this company's loan of $2.64M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/interstate-maintenance-corp-horsham-pa