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PPP Loan Data — Parkway Corporation, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Parkway Corporation
PA

Parkway Corporation

Entity: Subchapter S Corporation

Industry: Parking Lots and Garages

Location: Philadelphia, PA

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Parkway Corporation is a subchapter s corporation located at 150 N Broad St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,077,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.08M

Jobs Retained:

468

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Parkway Corporation in Philadelphia, PA received a Paycheck Protection Loan of $5.08M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Parkway Corporation's total 2019 payroll expenses were approximately $24.37M in order to qualify for the PPP loan amount received.

Based on their reported 468 jobs retained, this equals an estimated average yearly compensation of $52,076 per employee1.

Because the loan received by Parkway Corporation 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 - Parkway Corporation in Philadelphia, PA

Parkway Corporation
150 N Broad St
Philadelphia, PA 19102

Business Industry

Parking Lots and Garages (NAICS code 812930)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 6 businesses in the "Parking Lots and Garages" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 468) and received an average PPP loan of $983,449 (compared to this company's $5.08M).

Industry PPP Comparison Statistics

Nationwide, 1,831 businesses in the "Parking Lots and Garages" industry received a total of $286,968,643.00 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 21 employees, 96% lower than Parkway Corporation's reported 468 employees, and received an average PPP loan of $156,728, 97% lower than this company's loan of $5.08M.

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, 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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Source: www.federalpay.org/paycheck-protection-program/parkway-corporation-philadelphia-pa