PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Pharmaceutics International Inc, Hunt Valley, MD

ALERT: There are 2 PPP loans for a total of $6.48M in our database for businesses with the name "Pharmaceutics International Inc" in Hunt Valley, MD. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Pharmaceutics International Inc
MD

Pharmaceutics International Inc

Entity: Corporation

Industry: Pharmaceutical Preparation Manufacturing

Location: Hunt Valley, MD

Search All PPP Data

Pharmaceutics International Inc is a corporation located at 10819 Gilroy Rd in Hunt Valley, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as an Asian owned business, and employed at least 235 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4942568301

Loan Size:

$2M

Jobs Retained:

235

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

First National Bank of Pennsylvania

Pharmaceutics International Inc in Hunt Valley, MD received a Paycheck Protection Loan of $2M through First National Bank of Pennsylvania, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pharmaceutics International Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $40,851 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pharmaceutics International Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Pharmaceutics International Inc 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 - Pharmaceutics International Inc in Hunt Valley, MD

Pharmaceutics International Inc
10819 Gilroy Rd
Hunt Valley, MD 21031

Business Industry:
Pharmaceutical Preparation Manufacturing
NAICS code 325412

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Baltimore County, MD — SBA Office 0373 — Congressional District: MD-02

Similar Companies near Hunt Valley

In the Hunt Valley area, 2 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 235) and received an average PPP loan of $1,052,651 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

PER Os Biosciences LLC
Hunt Valley, MD

$105,302 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,918 businesses in the "Pharmaceutical Preparation Manufacturing" industry received a total of $619.85M 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 25 employees, 89% lower than Pharmaceutics International Inc's reported 235 employees, and received an average PPP loan of $323,173, 84% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Pharmaceutics International, Inc
MD

Pharmaceutics International, Inc

Entity: Corporation

Industry: Drugs and Druggists' Sundries Merchant Wholesalers

Location: Hunt Valley, MD

Search All PPP Data

Pharmaceutics International, Inc is a corporation located at 10819 Gilroy Rd in Hunt Valley, Maryland that received a Coronavirus-related PPP loan from the SBA of $4,479,200.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 292 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5962957001

Loan Size:

$4.48M

Jobs Retained:

292

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank of Pennsylvania

Pharmaceutics International, Inc in Hunt Valley, MD received a Paycheck Protection Loan of $4.48M 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Pharmaceutics International, Inc's 2019 payroll expenses are estimated to be at least $21.5M.

Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $73,631 per employee1

Reported PPP Proceed Usage:

On the PPP application, Pharmaceutics International, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,359,400
  • Rent: $1,119,800
Because the loan received by Pharmaceutics International, Inc 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 - Pharmaceutics International, Inc in Hunt Valley, MD

Pharmaceutics International, Inc
10819 Gilroy Rd
Hunt Valley, MD 21031

Business Industry:
Drugs and Druggists' Sundries Merchant Wholesalers
NAICS code 424210

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Baltimore County, MD — SBA Office 0373 — Congressional District: MD-02

Industry PPP Comparison Statistics

Nationwide, 3,532 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $498.96M 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 14 employees, 95% lower than Pharmaceutics International, Inc's reported 292 employees, and received an average PPP loan of $141,270, 97% lower than this company's loan of $4.48M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pharmaceutics-international-inc-hunt-valley-md