PPP Loan Data — Microbac Laboratories, Inc., Pittsburgh, PA
Microbac Laboratories, Inc. is a corporation located at 1 Allegheny Sq in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,936,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 498 people during the applicable loan loan period.
$ PPP Loan Information
Lender:DOLLAR BANK, A FEDERAL SAVINGS BANK
Microbac Laboratories, Inc. received a Paycheck Protection Loan of $4.94M through DOLLAR BANK, A FEDERAL SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Microbac Laboratories, Inc.'s total 2019 payroll expenses were approximately $23.7M in order to qualify for the PPP loan amount received.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $47,582 per employee1.
Business Information - Microbac Laboratories, Inc. in Pittsburgh, PA
1 Allegheny Sq
Pittsburgh, PA 15212
Testing Laboratories (NAICS code 541380)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-18
Similar Companies near Pittsburgh
In the Pittsburgh area, 2 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 498) and received an average PPP loan of $2,501,804 (compared to this company's $4.94M).
Similar Nearby Businesses Who Received PPP Funding:
LBS Reliability Services, Inc
Industry PPP Comparison Statistics
Nationwide, 2,909 businesses in the "Testing Laboratories" industry received a total of $594,088,408.00 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 16 employees, 97% lower than Microbac Laboratories, Inc.'s reported 498 employees, and received an average PPP loan of $204,224, 96% lower than this company's loan of $4.94M.
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