PPP Loan Data — New Standard Corporation, York, PA
New Standard Corporation
Entity: Subchapter S Corporation
Location: York, PATweet This • Search All PPP Data
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
Lender:PEOPLESBANK, A CODORUS VALLEY COMPANY
New 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
Metal Crown, Closure, and Other Metal Stamping (except Automotive) (NAICS code 332119)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-11
Industry 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.
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Footnotes & Information
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