PPP Loan Data — Lednor Corporation, Millersville, MD
Lednor Corporation is a corporation located at 210 Najoles Rd Suite 103 in Millersville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,148,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
Lednor Corporation in Millersville, MD received a Paycheck Protection Loan of $2.15M through First National Bank of Pennsylvania, 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, Lednor Corporation's 2019 payroll expenses are estimated to be at least $10.31M.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $47,736 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lednor Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,148,100
Business Information - Lednor Corporation in Millersville, MD
210 Najoles Rd Suite 103
Millersville, MD 21108
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Millersville
In the Millersville area, 9 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 216) and received an average PPP loan of $430,889 (compared to this company's $2.15M).
Similar Nearby Businesses Who Received PPP Funding:
Solar Energy Services Inc
Eastern Contracting Services Inc
Chesapeake Construction Management, LLC
Dynamic General Contracting LLC
Extraordinaire Asphalt & Grounds Maintenance LLC
GMC Contractors Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 96% lower than Lednor Corporation's reported 216 employees, and received an average PPP loan of $86,076, 96% lower than this company's loan of $2.15M.
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Footnotes & Information
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