PPP Loan Data — Lowmaster & Warden Inc, Punxsutawney, PA
Lowmaster & Warden Inc is a subchapter s corporation located at 17944 Route 36 in Punxsutawney, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,247.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lowmaster & Warden Inc in Punxsutawney, PA received a Paycheck Protection Loan of $46,247 through CNB Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 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, Lowmaster & Warden Inc's 2019 payroll expenses are estimated to be at least $221,986.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,199 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lowmaster & Warden Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,247
Business Information - Lowmaster & Warden Inc in Punxsutawney, PA
17944 Route 36
Punxsutawney, PA 15767
Household Appliance Stores
NAICS code 443141
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,811 businesses in the "Household Appliance Stores" industry received a total of $291M 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 9 employees, 10% lower than Lowmaster & Warden Inc's reported 10 employees, and received an average PPP loan of $76,358, 65% higher than this company's loan of $46,247.
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Footnotes & Information
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