PPP Loan Data — Meshoppen Stone, Inc, Meshoppen, PA
Meshoppen Stone, Inc is a corporation located at P O Box 127 in Meshoppen, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,169,072.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 216 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Bank, National Association
Meshoppen Stone, Inc in Meshoppen, PA received a Paycheck Protection Loan of $2.17M through Community 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, Meshoppen Stone, Inc's 2019 payroll expenses are estimated to be at least $10.41M.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $48,202 per employee1
Reported PPP Proceed Usage:
On the PPP application, Meshoppen Stone, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,169,072
Business Information - Meshoppen Stone, Inc in Meshoppen, PA
P O Box 127
Meshoppen, PA 18630
Cut Stone and Stone Product Manufacturing
NAICS code 327991
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Meshoppen
In the Meshoppen area, 3 businesses in the "Cut Stone and Stone Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 216) and received an average PPP loan of $759,898 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Meshoppen Blasting Inc
S&K Stone Inc
Industry PPP Comparison Statistics
Nationwide, 3,142 businesses in the "Cut Stone and Stone Product Manufacturing" industry received a total of $379.67M 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 13 employees, 94% lower than Meshoppen Stone, Inc's reported 216 employees, and received an average PPP loan of $120,837, 94% lower than this company's loan of $2.17M.
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Footnotes & Information
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