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PPP Loan Data — PHD, Inc,
Fort Wayne, 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:
Jobs Retained:
305Loan Approved:
2020-04-27Lender:
FIFTH THIRD BANKPHD, 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.
Business Information - PHD, Inc in Fort Wayne, IN
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-03Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Ajax Tool, Inc.
Fort Wayne, IN
Wagner Tool Grinding, Inc
Fort Wayne, IN
DX 4 LLC
Fort Wayne, IN
GCG Industries Inc
Fort Wayne, IN
Chuck Bivens Services, Inc.
Fort Wayne, IN
Absolute Machining LLC
Fort Wayne, IN
Meriwether Tool & Engineering, Inc.
Fort Wayne, IN
Advanced Cutting Systems, Inc.
Fort Wayne, IN
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.
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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