PPP Loan Data — Olin Partnership, Philadelphia, PA
Olin Partnership is a subchapter s corporation located at 150 S Independence Mall W in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,623,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Olin Partnership in Philadelphia, PA received a Paycheck Protection Loan of $1.62M through PNC Bank, National Association, which was approved in April, 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, Olin Partnership's 2019 payroll expenses are estimated to be at least $7.79M.
Based on their reported 101 jobs retained, this equals an estimated average yearly compensation of $77,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, Olin Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,623,400
Business Information - Olin Partnership in Philadelphia, PA
150 S Independence Mall W
Philadelphia, PA 19106
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 6 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 101) and received an average PPP loan of $518,050 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Land Collective LLC
Studio Bryan Hanes LLC
CLR Design Inc
Industry PPP Comparison Statistics
Nationwide, 19,939 businesses in the "Landscape Architectural Services" industry received a total of $1.34B 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 9 employees, 91% lower than Olin Partnership's reported 101 employees, and received an average PPP loan of $67,388, 96% lower than this company's loan of $1.62M.
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Footnotes & Information
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