PPP Loan Data — Master-Lee Energy Services Corporation, Latrobe, PA
Master-Lee Energy Services Corporation is a corporation located at 5631 Route 981 in Latrobe, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,182,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Master-Lee Energy Services Corporation received a Paycheck Protection Loan of $3.18M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Master-Lee Energy Services Corporation's total 2019 payroll expenses were approximately $15.28M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $50,923 per employee1.
Business Information - Master-Lee Energy Services Corporation in Latrobe, PA
5631 Route 981
Latrobe, PA 15650
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-14
Similar Companies near Latrobe
In the Latrobe area, 6 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 300) and received an average PPP loan of $540,595 (compared to this company's $3.18M).
Similar Nearby Businesses Who Received PPP Funding:
Fiorina Enterprises Inc
Luft's Asphalt Paving
Seal Tite Pavement Maintenance LLC
Shannon D. Cooper
Cooper Paving LLC
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 97% lower than Master-Lee Energy Services Corporation's reported 300 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $3.18M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!