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PPP Loan Data — OX Industries Holding Co LLC, Hanover, PA

SBA PPP loan data, payroll data, and salaries for OX Industries Holding Co LLC
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:

$5.43M

Jobs Retained:

401

Loan Approved:

2020-04-13

Lender:

PNC BANK, NATIONAL ASSOCIATION

OX 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.

Because the loan received by OX Industries Holding Co LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - OX Industries Holding Co LLC in Hanover, PA

OX Industries Holding Co LLC
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-11

Industry 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ox-industries-holding-co-llc-hanover-pa