PPP Loan Data — Montgomery Mccracken Walker And Rhoads, Philadelphia, PA
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
Jobs Retained:0 Unreported
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.
Business Information - Montgomery Mccracken Walker And Rhoads in Philadelphia, PA
1735 Market Street
Philadelphia, PA 19103
Unclassified Establishments (NAICS code 999990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
La Brisket Of Philadelphia Inc
Helios It Solutions LLC
Centennial Parkside Cdc
Caredas Caribbean Cuisine LLC
Careda Matthews, PA
Welcome America, Inc.
Palm Tree At Broad Inc.
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.
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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