PPP Loan Data — MCS Industries, Easton, PA
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
Lender:PNC BANK, NATIONAL ASSOCIATION
MCS 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
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-07
Similar 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
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.
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