PPP Loan Data — Park Communications LLC, Morrisville, NC
Park Communications LLC is a limited liability company (LLC) located at 9301globe Center Dr in Morrisville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,982,300.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK OF PENNSYLVANIA
Park Communications LLC received a Paycheck Protection Loan of $2.98M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Park Communications LLC's total 2019 payroll expenses were approximately $14.32M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $57,260 per employee1.
Business Information - Park Communications LLC in Morrisville, NC
9301globe Center Dr
Morrisville, NC 27560
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Morrisville
In the Morrisville area, 4 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 250) and received an average PPP loan of $878,912 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Docusource Of North Carolina, LLC
Golden Rod, Inc.
Zebra Communications Inc
Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 95% lower than Park Communications LLC's reported 250 employees, and received an average PPP loan of $149,024, 95% lower than this company's loan of $2.98M.
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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