PPP Loan Data — PAP Technologies, Inc, Lancaster, PA
PAP Technologies, Inc is a subchapter s corporation located at 1813 Colonial Village Lane in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,530,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
PAP Technologies, Inc in Lancaster, PA received a Paycheck Protection Loan of $1.53M through Orrstown Bank, 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, PAP Technologies, Inc's 2019 payroll expenses are estimated to be at least $7.35M.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $45,924 per employee1
Reported PPP Proceed Usage:
On the PPP application, PAP Technologies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,530,800
Business Information - PAP Technologies, Inc in Lancaster, PA
1813 Colonial Village Lane
Lancaster, PA 17601
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lancaster
In the Lancaster area, 8 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 160) and received an average PPP loan of $1,034,395 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
Doodad Printing LLC
Engle Printing & Publishing Co. Inc
White Oak Group Inc
Industry PPP Comparison Statistics
Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B 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 12 employees, 93% lower than PAP Technologies, Inc's reported 160 employees, and received an average PPP loan of $128,160, 92% lower than this company's loan of $1.53M.
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Footnotes & Information
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