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PPP Loan Data — New Standard Corporation,
York, PA
New Standard Corporation
Entity: Subchapter S Corporation
Industry: Metal Crown, Closure, and Other Metal Stamping (except Automotive)
Location: York, PA
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New Standard Corporation is a subchapter s corporation located at 74 Commerce Way in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,012,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
292Loan Approved:
2020-04-12Lender:
PEOPLESBANK, A CODORUS VALLEY COMPANYNew Standard Corporation in York, PA received a Paycheck Protection Loan of $4.01M through PEOPLESBANK, A CODORUS VALLEY COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Standard Corporation's total 2019 payroll expenses were approximately $19.26M in order to qualify for the PPP loan amount received.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $65,964 per employee1.
Business Information - New Standard Corporation in York, PA
74 Commerce Way
York, PA 17406
Business Industry
Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-11Industry PPP Comparison Statistics
Nationwide, 688 businesses in the "Metal Crown, Closure, and Other Metal Stamping (except Automotive)" industry received a total of $316,503,616.00 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 35 employees, 88% lower than New Standard Corporation's reported 292 employees, and received an average PPP loan of $460,034, 89% lower than this company's loan of $4.01M.
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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