PPP Loan Data — Personacorp, Inc, Womelsdorf, PA
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Personacorp, Inc is a corporation located at 86 Main St in Womelsdorf, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,843.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank of Pennsylvania
Personacorp, Inc in Womelsdorf, PA received a Paycheck Protection Loan of $24,843 through First National Bank of Pennsylvania, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 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, Personacorp, Inc's 2019 payroll expenses are estimated to be at least $119,246.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,874 per employee1
Reported PPP Proceed Usage:
On the PPP application, Personacorp, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,843
Business Information - Personacorp, Inc in Womelsdorf, PA
86 Main St
Womelsdorf, PA 19567
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,274 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.83B 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 18 employees, 200% higher than Personacorp, Inc's reported 6 employees, and received an average PPP loan of $162,367, 554% higher than this company's loan of $24,843.
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Footnotes & Information
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