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PPP Loan Data — PHD, Inc, Fort Wayne, IN

SBA PPP loan data, payroll data, and salaries for PHD, Inc
IN

PHD, Inc

Entity: Subchapter S Corporation

Industry: Machine Shops

Location: Fort Wayne, IN

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PHD, Inc is a subchapter s corporation located at 9009 Clubridge Dr in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $4,349,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.35M

Jobs Retained:

305

Loan Approved:

2020-04-27

Lender:

FIFTH THIRD BANK

PHD, Inc received a Paycheck Protection Loan of $4.35M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, PHD, Inc's total 2019 payroll expenses were approximately $20.88M in order to qualify for the PPP loan amount received.

Based on their reported 305 jobs retained, this equals an estimated average yearly compensation of $68,457 per employee1.

Because the loan received by PHD, 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 - PHD, Inc in Fort Wayne, IN

PHD, Inc
9009 Clubridge Dr
Fort Wayne, IN 46809

Business Industry

Machine Shops (NAICS code 332710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-03

Similar Companies near Fort Wayne

In the Fort Wayne area, 9 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 305) and received an average PPP loan of $660,970 (compared to this company's $4.35M).

Industry PPP Comparison Statistics

Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 95% lower than PHD, Inc's reported 305 employees, and received an average PPP loan of $190,904, 96% lower than this company's loan of $4.35M.

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.

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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/phd-inc-fort-wayne-in