PPP Loan Data — Lancaster Emergency Medical Services Association, Millersville, PA
Lancaster Emergency Medical Services Association is a non-profit organization located at 100 East Charlotte St in Millersville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,616,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Lancaster Emergency Medical Services Association in Millersville, PA received a Paycheck Protection Loan of $1.62M through PNC Bank, National Association, which was approved in April, 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, Lancaster Emergency Medical Services Association's 2019 payroll expenses are estimated to be at least $7.76M.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $50,397 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lancaster Emergency Medical Services Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,616,900
Business Information - Lancaster Emergency Medical Services Association in Millersville, PA
100 East Charlotte St
Millersville, PA 17551
NAICS code 621910
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,341 businesses in the "Ambulance Services" industry received a total of $860.13M 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 36 employees, 77% lower than Lancaster Emergency Medical Services Association's reported 154 employees, and received an average PPP loan of $257,448, 84% lower than this company's loan of $1.62M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!