PPP Loan Data — Penn Camps, Equinunk, PA
Entity: Subchapter S Corporation
Location: Equinunk, PATweet This • Search All PPP Data
Penn Camps is a subchapter s corporation located at 3287 Hancock Hwy in Equinunk, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,570,016.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least 123 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Honesdale National Bank
Penn Camps in Equinunk, PA received a Paycheck Protection Loan of $1.57M through The Honesdale National Bank, which was approved in January, 2021.
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, Penn Camps' 2019 payroll expenses are estimated to be at least $7.54M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $61,269 per employee1
Reported PPP Proceed Usage:
On the PPP application, Penn Camps reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,570,014
- Utilities: $1
Business Information - Penn Camps in Equinunk, PA
3287 Hancock Hwy
Equinunk, PA 18417
Recreational and Vacation Camps (except Campgrounds)
NAICS code 721214
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Equinunk
In the Equinunk area, 4 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 123) and received an average PPP loan of $635,828 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Adam Hill Hunting Adventures LLC
Union Lake Hotel Company, Inc
Industry PPP Comparison Statistics
Nationwide, 3,732 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a total of $563.63M 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 26 employees, 79% lower than Penn Camps' reported 123 employees, and received an average PPP loan of $151,027, 90% lower than this company's loan of $1.57M.
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Footnotes & Information
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