PPP Loan Data — Penn Jersey Paper Co., Philadelphia, PA
Penn Jersey Paper Co.
Location: Philadelphia, PATweet This • Search All PPP Data
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
Lender:PNC BANK, NATIONAL ASSOCIATION
Penn 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
Industrial and Personal Service Paper Merchant Wholesalers (NAICS code 424130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-02
Similar 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.
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.
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