PPP Loan Data — Phillips & Cohen Associates, LTD, Wilmington, DE
Phillips & Cohen Associates, LTD is a subchapter s corporation located at 1002 Justison Street in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $2,459,052.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Phillips & Cohen Associates, LTD in Wilmington, DE received a Paycheck Protection Loan of $2.46M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Phillips & Cohen Associates, LTD's total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $49,804 per employee1.
Business Information - Phillips & Cohen Associates, LTD in Wilmington, DE
1002 Justison Street
Wilmington, DE 19801
Collection Agencies (NAICS code 561440)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DE-
Industry PPP Comparison Statistics
Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 92% lower than Phillips & Cohen Associates, LTD's reported 237 employees, and received an average PPP loan of $250,135, 90% lower than this company's loan of $2.46M.
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Footnotes & Information
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