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PPP Loan Data — M Simon Zook Co, Honey Brook, PA

SBA PPP loan data, payroll data, and salaries for M Simon Zook Co
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:

$3.02M

Jobs Retained:

229

Loan Approved:

2020-04-08

Lender:

S & T BANK

M 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.

Because the loan received by M Simon Zook Co 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 - M Simon Zook Co in Honey Brook, PA

M Simon Zook Co
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-06

Industry 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.

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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/m-simon-zook-co-honey-brook-pa