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PPP Loan Data — Messick Farm Equipment Inc,
Elizabethtown, PA
Messick Farm Equipment Inc
Entity: Corporation
Industry: Outdoor Power Equipment Stores
Location: Elizabethtown, PA
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Messick Farm Equipment Inc is a corporation located at 187 Merts Dr in Elizabethtown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,184,855.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
220Loan Approved:
2020-04-07Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COMessick Farm Equipment Inc in Elizabethtown, PA received a Paycheck Protection Loan of $3.18M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Messick Farm Equipment Inc's total 2019 payroll expenses were approximately $15.29M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $69,488 per employee1.
Business Information - Messick Farm Equipment Inc in Elizabethtown, PA
187 Merts Dr
Elizabethtown, PA 17022
Business Industry
Outdoor Power Equipment Stores (NAICS code 444210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-11Industry PPP Comparison Statistics
Nationwide, 1,651 businesses in the "Outdoor Power Equipment Stores" industry received a total of $173,075,828.00 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 10 employees, 95% lower than Messick Farm Equipment Inc's reported 220 employees, and received an average PPP loan of $104,831, 97% lower than this company's loan of $3.18M.
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, 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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