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PPP Loan Data — MCS Industries,
Easton, PA
MCS Industries
Entity: Corporation
Industry: All Other Miscellaneous Manufacturing
Location: Easton, PA
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MCS Industries is a corporation located at 2280 Newlins Mill Rd in Easton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,510,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 180 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
180Loan Approved:
2020-04-27Lender:
PNC BANK, NATIONAL ASSOCIATIONMCS Industries received a Paycheck Protection Loan of $2.51M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MCS Industries' total 2019 payroll expenses were approximately $12.05M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $66,941 per employee1.
Business Information - MCS Industries in Easton, PA
2280 Newlins Mill Rd
Easton, PA 18045
Business Industry
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: PA-07Similar Companies near Easton
In the Easton area, 2 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 180) and received an average PPP loan of $1,265,567 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
QRH Polymers LLC
Easton, PA
Industry PPP Comparison Statistics
Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 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 12 employees, 93% lower than MCS Industries' reported 180 employees, and received an average PPP loan of $147,822, 94% lower than this company's loan of $2.51M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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