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PPP Loan Data — Parkway Corporation,
Philadelphia, 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:
Jobs Retained:
468Loan Approved:
2020-04-14Lender:
PNC BANK, NATIONAL ASSOCIATIONParkway 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.
Business Information - Parkway Corporation in Philadelphia, PA
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-03Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Old City Parking LLC
Philadelphia, PA
Patriot Parking Inc
Philadelphia, PA
1416 Chestnut Holding Corporation
Philadelphia, PA
All Cars, LLC
Philadelphia, PA
Allied Parking Services, LLC
Philadelphia, PA
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.
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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