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PPP Loan Data — M Simon Zook Co,
Honey Brook, PA
M Simon Zook Co
Entity: Subchapter S Corporation
Industry: Other Grocery and Related Products Merchant Wholesalers
Location: Honey Brook, PA
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M Simon Zook Co is a subchapter s corporation located at 4960 Horseshoe Pike in Honey Brook, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,021,607.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
229Loan Approved:
2020-04-08Lender:
S & T BANKM Simon Zook Co in Honey Brook, PA received a Paycheck Protection Loan of $3.02M through S & T BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, M Simon Zook Co's total 2019 payroll expenses were approximately $14.5M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $63,335 per employee1.
Business Information - M Simon Zook Co in Honey Brook, PA
4960 Horseshoe Pike
Honey Brook, PA 19344
Business Industry
Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-06Industry PPP Comparison Statistics
Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 94% lower than M Simon Zook Co's reported 229 employees, and received an average PPP loan of $146,523, 95% lower than this company's loan of $3.02M.
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.
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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