PPP Loan Data — Meadville Forging Company LP, Meadville, PA
Meadville Forging Company LP is a sole proprietorship located in Meadville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,274,400.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Meadville Forging Company LP received a Paycheck Protection Loan of $4.27M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Meadville Forging Company LP's total 2019 payroll expenses were approximately $20.52M in order to qualify for the PPP loan amount received.
Unlike most businesses, Meadville Forging Company LP's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Meadville Forging Company LP in Meadville, PA
[FULL ADDRESS REDACTED]
Iron and Steel Forging (NAICS code 332111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-16
Industry PPP Comparison Statistics
Nationwide, 488 businesses in the "Iron and Steel Forging" industry received a total of $182,828,483.00 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 23 employees, and received an average PPP loan of $374,649, 91% lower than this company's loan of $4.27M.
FederalPay's PPP Information Policy
Footnotes & Information
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