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PPP Loan Data — Philadelphia D & M, Inc., Plymouth Meeting, PA

SBA PPP loan data, payroll data, and salaries for Philadelphia D & M, Inc.
PA

Philadelphia D & M, Inc.

Entity: Corporation

Industry: All Other Specialty Trade Contractors

Location: Plymouth Meeting, PA

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Philadelphia D & M, Inc. is a corporation located at 500 Davis Drive in Plymouth Meeting, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $7,084,400.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 409 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$7.08M

Jobs Retained:

409

Loan Approved:

2020-04-08

Lender:

FIRSTRUST SAVINGS BANK

Philadelphia D & M, Inc. in Plymouth Meeting, PA received a Paycheck Protection Loan of $7.08M through FIRSTRUST SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Philadelphia D & M, Inc.'s total 2019 payroll expenses were approximately $34.01M in order to qualify for the PPP loan amount received.

Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $83,142 per employee1.

Because the loan received by Philadelphia D & M, 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 - Philadelphia D & M, Inc. in Plymouth Meeting, PA

Philadelphia D & M, Inc.
500 Davis Drive
Plymouth Meeting, PA 19462

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-04

Similar Companies near Plymouth Meeting

In the Plymouth Meeting area, 4 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 409) and received an average PPP loan of $1,813,343 (compared to this company's $7.08M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 98% lower than Philadelphia D & M, Inc.'s reported 409 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $7.08M.

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/philadelphia-d-and-m-inc-plymouth-meeting-pa