PPP Loan Data — JWF Holdings Inc, Johnstown, PA
JWF Holdings Inc
Location: Johnstown, PATweet This • Search All PPP Data
JWF Holdings Inc is a corporation located at 84 Iron St in Johnstown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,478,272.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
JWF Holdings Inc in Johnstown, PA received a Paycheck Protection Loan of $3.48M through First National Bank of Pennsylvania, which was approved in January, 2021.
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, JWF Holdings Inc's 2019 payroll expenses are estimated to be at least $16.7M.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $60,933 per employee1
Reported PPP Proceed Usage:
On the PPP application, JWF Holdings Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,478,266
- Utilities: $1
Business Information - JWF Holdings Inc in Johnstown, PA
84 Iron St
Johnstown, PA 15906
All Other Miscellaneous Fabricated Metal Product Manufacturing
NAICS code 332999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 7,759 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1.9B 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 21 employees, 92% lower than JWF Holdings Inc's reported 274 employees, and received an average PPP loan of $244,653, 93% lower than this company's loan of $3.48M.
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Footnotes & Information
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