PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Montgomery Mccracken Walker And Rhoads, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Montgomery Mccracken Walker And Rhoads
PA

Montgomery Mccracken Walker And Rhoads

Entity: Partnership

Industry: Unclassified Establishments

Location: Philadelphia, PA

Search All PPP Data

Montgomery Mccracken Walker And Rhoads is a partnership located at 1735 Market Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,564,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.56M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

CITIZENS BANK, NATIONAL ASSOCIATION

Montgomery Mccracken Walker And Rhoads received a Paycheck Protection Loan of $3.56M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Montgomery Mccracken Walker And Rhoads' total 2019 payroll expenses were approximately $17.11M in order to qualify for the PPP loan amount received.

Unlike most businesses, Montgomery Mccracken Walker And Rhoads' 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.

Because the loan received by Montgomery Mccracken Walker And Rhoads is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Montgomery Mccracken Walker And Rhoads in Philadelphia, PA

Montgomery Mccracken Walker And Rhoads
1735 Market Street
Philadelphia, PA 19103

Business Industry

Unclassified Establishments (NAICS code 999990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 38 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 0) and received an average PPP loan of $160,571 (compared to this company's $3.56M).

Industry PPP Comparison Statistics

Nationwide, 86,245 businesses in the "Unclassified Establishments" industry received a total of $3,723,225,376.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, and received an average PPP loan of $43,170, 99% lower than this company's loan of $3.56M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/montgomery-mccracken-walker-and-rhoads-philadelphia-pa