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PPP Loan Data — Lezzer Holdings, Inc., Curwensville, PA

SBA PPP loan data, payroll data, and salaries for Lezzer Holdings, Inc.
PA

Lezzer Holdings, Inc.

Entity: Corporation

Industry: Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Location: Curwensville, PA

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Lezzer Holdings, Inc. is a corporation located at 332 Scofield Street in Curwensville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,395,948.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.4M

Jobs Retained:

448

Loan Approved:

2020-04-10

Lender:

FULTON BANK, NATIONAL ASSOCIATION

Lezzer Holdings, Inc. in Curwensville, PA received a Paycheck Protection Loan of $5.4M through FULTON BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lezzer Holdings, Inc.'s total 2019 payroll expenses were approximately $25.9M in order to qualify for the PPP loan amount received.

Based on their reported 448 jobs retained, this equals an estimated average yearly compensation of $57,814 per employee1.

Because the loan received by Lezzer Holdings, Inc. 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 - Lezzer Holdings, Inc. in Curwensville, PA

Lezzer Holdings, Inc.
332 Scofield Street
Curwensville, PA 16833

Business Industry

Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers (NAICS code 423310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-15

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $905,412,517.00 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 17 employees, 96% lower than Lezzer Holdings, Inc.'s reported 448 employees, and received an average PPP loan of $225,451, 96% lower than this company's loan of $5.4M.

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, 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/lezzer-holdings-inc-curwensville-pa