PPP Loan Data — Medical Components, Inc, Harleysville, PA
Medical Components, Inc
Location: Harleysville, PATweet This • Search All PPP Data
Medical Components, Inc is a corporation located at 1499 Delp Dr in Harleysville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,211,410.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Medical Components, Inc in Harleysville, PA received a Paycheck Protection Loan of $2.21M through TD Bank, National Association, which was approved in April, 2020.
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, Medical Components, Inc's 2019 payroll expenses are estimated to be at least $10.61M.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $64,724 per employee1
Reported PPP Proceed Usage:
On the PPP application, Medical Components, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,211,410
Business Information - Medical Components, Inc in Harleysville, PA
1499 Delp Dr
Harleysville, PA 19438
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Harleysville
In the Harleysville area, 2 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 164) and received an average PPP loan of $1,114,135 (compared to this company's $2.21M).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Surgical Products Inc
Newtown Square, PA
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 95% lower than Medical Components, Inc's reported 164 employees, and received an average PPP loan of $98,382, 96% lower than this company's loan of $2.21M.
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Footnotes & Information
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