PPP Loan Data — Martin R. Brown Funeral Home Inc, Orbisonia, PA
Martin R. Brown Funeral Home Inc is a corporation located at 565 Ridgely Street Po Box 220 in Orbisonia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,356.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers and Merchants Trust Company of Chambersburg
Martin R. Brown Funeral Home Inc in Orbisonia, PA received a Paycheck Protection Loan of $46,356 through Farmers and Merchants Trust Company of Chambersburg, 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 January, 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, Martin R. Brown Funeral Home Inc's 2019 payroll expenses are estimated to be at least $222,509.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,085 per employee1
Reported PPP Proceed Usage:
On the PPP application, Martin R. Brown Funeral Home Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,085
- Utilities: $9,271
Business Information - Martin R. Brown Funeral Home Inc in Orbisonia, PA
565 Ridgely Street Po Box 220
Orbisonia, PA 17243
Funeral Homes and Funeral Services
NAICS code 812210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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, 33% higher than Martin R. Brown Funeral Home Inc's reported 6 employees, and received an average PPP loan of $61,448, 33% higher than this company's loan of $46,356.
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Footnotes & Information
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