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PPP Loan Data — Philadelphia Sign Co,
Palmyra, 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:
Jobs Retained:
272Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONPhiladelphia 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.
Business Information - Philadelphia Sign Co in Palmyra, NJ
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-01Industry 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.
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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