PPP Loan Data — O'donnell & Naccarato, Inc, Philadelphia, PA
O'donnell & Naccarato, Inc is a corporation located at 701 Market Street Suite 6000 in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,640,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 79 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Firstrust Savings Bank
O'donnell & Naccarato, Inc in Philadelphia, PA received a Paycheck Protection Loan of $1.64M through Firstrust Savings Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, O'donnell & Naccarato, Inc's 2019 payroll expenses are estimated to be at least $7.87M.
Based on their reported 79 jobs retained, this equals an estimated average yearly compensation of $99,652 per employee1
Reported PPP Proceed Usage:
On the PPP application, O'donnell & Naccarato, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,640,100
Business Information - O'donnell & Naccarato, Inc in Philadelphia, PA
701 Market Street Suite 6000
Philadelphia, PA 19106
NAICS code 541330
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 17 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 79) and received an average PPP loan of $624,491 (compared to this company's $1.64M).
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Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 84% lower than O'donnell & Naccarato, Inc's reported 79 employees, and received an average PPP loan of $194,873, 88% lower than this company's loan of $1.64M.
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Footnotes & Information
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