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PPP Loan Data — Moro Corporation,
Willow Grove, PA
Moro Corporation
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Willow Grove, PA
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Moro Corporation is a corporation located at 3959 Welsh Road, # 363 in Willow Grove, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,178,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
273Loan Approved:
2020-04-14Lender:
SANTANDER BANK, NATIONAL ASSOCIATIONMoro Corporation in Willow Grove, PA received a Paycheck Protection Loan of $4.18M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Moro Corporation's total 2019 payroll expenses were approximately $20.06M in order to qualify for the PPP loan amount received.
Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $73,468 per employee1.
Business Information - Moro Corporation in Willow Grove, PA
3959 Welsh Road, # 363
Willow Grove, PA 19090
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-04Similar Companies near Willow Grove
In the Willow Grove area, 7 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 273) and received an average PPP loan of $873,592 (compared to this company's $4.18M).
Similar Nearby Businesses Who Received PPP Funding:
Huntingdon Mechanical Contractors Inc
Willow Grove, PA
Aquality Plumbing & Heating Co. Inc
Willow Grove, PA
L L Heating & Equipment Co
Willow Grove, PA
Stanley W. Cooper Inc.
Willow Grove, PA
Guy M Cooper Inc
Willow Grove, PA
NU-Comfort LLC
Willow Grove, PA
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Moro Corporation's reported 273 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $4.18M.
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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