PPP Loan Data — Palmer-Donavin Holdings Inc., Grove City, OH
Palmer-Donavin Holdings Inc.
Entity: Employee Stock Ownership Plan (esop)
Location: Grove City, OHTweet This • Search All PPP Data
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
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Palmer-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
All Other Miscellaneous Wood Product Manufacturing (NAICS code 321999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-03
Industry 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.
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