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PPP Loan Data — Penn Jersey Paper Co.,
Philadelphia, PA
Penn Jersey Paper Co.
Entity: Corporation
Industry: Industrial and Personal Service Paper Merchant Wholesalers
Location: Philadelphia, PA
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Penn Jersey Paper Co. is a corporation located at 9355 Blue Grass Rd in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $6,393,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
464Loan Approved:
2020-04-06Lender:
PNC BANK, NATIONAL ASSOCIATIONPenn Jersey Paper Co. in Philadelphia, PA received a Paycheck Protection Loan of $6.39M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Penn Jersey Paper Co.'s total 2019 payroll expenses were approximately $30.69M in order to qualify for the PPP loan amount received.
Based on their reported 464 jobs retained, this equals an estimated average yearly compensation of $66,143 per employee1.
Business Information - Penn Jersey Paper Co. in Philadelphia, PA
9355 Blue Grass Rd
Philadelphia, PA 19114
Business Industry
Industrial and Personal Service Paper Merchant Wholesalers (NAICS code 424130)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-02Similar Companies near Philadelphia
In the Philadelphia area, 2 businesses in the "Industrial and Personal Service Paper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 358 employees (compared to this company's 464) and received an average PPP loan of $5,277,050 (compared to this company's $6.39M).
Similar Nearby Businesses Who Received PPP Funding:
S. Walter Packaging Corp.
Philadelphia, PA
Industry PPP Comparison Statistics
Nationwide, 977 businesses in the "Industrial and Personal Service Paper Merchant Wholesalers" industry received a total of $222,691,379.00 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 17 employees, 96% lower than Penn Jersey Paper Co.'s reported 464 employees, and received an average PPP loan of $227,934, 96% lower than this company's loan of $6.39M.
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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