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PPP Loan Data — Philadelphia Sign Co, Palmyra, NJ

SBA PPP loan data, payroll data, and salaries for Philadelphia Sign Co
NJ

Philadelphia Sign Co

Entity: Subchapter S Corporation

Industry: Sign Manufacturing

Location: Palmyra, NJ

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Philadelphia Sign Co is a subchapter s corporation located at 707 W Spring Garden St in Palmyra, New Jersey that received a Coronavirus-related PPP loan from the SBA of $4,002,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4M

Jobs Retained:

272

Loan Approved:

2020-04-13

Lender:

PNC BANK, NATIONAL ASSOCIATION

Philadelphia Sign Co received a Paycheck Protection Loan of $4M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Philadelphia Sign Co's total 2019 payroll expenses were approximately $19.21M in order to qualify for the PPP loan amount received.

Based on their reported 272 jobs retained, this equals an estimated average yearly compensation of $70,631 per employee1.

Because the loan received by Philadelphia Sign Co 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 Sign Co in Palmyra, NJ

Philadelphia Sign Co
707 W Spring Garden St
Palmyra, NJ 8065

Business Industry

Sign Manufacturing (NAICS code 339950)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-01

Industry PPP Comparison Statistics

Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 96% lower than Philadelphia Sign Co's reported 272 employees, and received an average PPP loan of $118,017, 97% lower than this company's loan of $4M.

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/philadelphia-sign-co-palmyra-nj