PPP Loan Data — Palmer-Donavin Holdings Inc.,
Grove City, OH
Palmer-Donavin Holdings Inc.
Entity: Employee Stock Ownership Plan (esop)
Industry: All Other Miscellaneous Wood Product Manufacturing
Location: Grove City, OH

Palmer-Donavin Holdings Inc. is an employee stock ownership plan (esop) located at 3210 Centerpoint Drive in Grove City, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,767,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
498Loan Approved:
2020-04-09Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONPalmer-Donavin Holdings Inc. received a Paycheck Protection Loan of $6.77M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Palmer-Donavin Holdings Inc.'s total 2019 payroll expenses were approximately $32.48M in order to qualify for the PPP loan amount received.
Based on their reported 498 jobs retained, this equals an estimated average yearly compensation of $65,231 per employee1.
Business Information - Palmer-Donavin Holdings Inc. in Grove City, OH
3210 Centerpoint Drive
Grove City, OH 43123
Business Industry
All Other Miscellaneous Wood Product Manufacturing (NAICS code 321999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-03Industry PPP Comparison Statistics
Nationwide, 2,448 businesses in the "All Other Miscellaneous Wood Product Manufacturing" industry received a total of $338,832,974.00 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 13 employees, 97% lower than Palmer-Donavin Holdings Inc.'s reported 498 employees, and received an average PPP loan of $138,412, 98% lower than this company's loan of $6.77M.
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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