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PPP Loan Data — Penn Jersey Paper Co., Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Penn Jersey Paper Co.
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:

$6.39M

Jobs Retained:

464

Loan Approved:

2020-04-06

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.

Because the loan received by Penn Jersey Paper Co. 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 - Penn Jersey Paper Co. in Philadelphia, PA

Penn Jersey Paper Co.
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-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.
Philadelphia, PA

$4.16M PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/penn-jersey-paper-co-philadelphia-pa