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PPP Loan Data — OX Industries Holding Co LLC,
Hanover, PA
OX Industries Holding Co LLC
Entity: Limited Liability Company (LLC)
Industry: Paperboard Mills
Location: Hanover, PA
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OX Industries Holding Co LLC is a limited liability company (LLC) located at 600 W Elm Ave in Hanover, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,433,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 401 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
401Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONOX Industries Holding Co LLC received a Paycheck Protection Loan of $5.43M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, OX Industries Holding Co LLC's total 2019 payroll expenses were approximately $26.08M in order to qualify for the PPP loan amount received.
Based on their reported 401 jobs retained, this equals an estimated average yearly compensation of $65,042 per employee1.
Business Information - OX Industries Holding Co LLC in Hanover, PA
600 W Elm Ave
Hanover, PA 17331
Business Industry
Paperboard Mills (NAICS code 322130)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: PA-11Industry PPP Comparison Statistics
Nationwide, 67 businesses in the "Paperboard Mills" industry received a total of $27,203,025.00 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 27 employees, 93% lower than OX Industries Holding Co LLC's reported 401 employees, and received an average PPP loan of $406,015, 93% lower than this company's loan of $5.43M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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