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PPP Loan Data — PVR Technologies Inc,
Kng Of Prussa, PA
PVR Technologies Inc
Entity: Corporation
Industry:
Location: Kng Of Prussa, PA
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PVR Technologies Inc is a corporation located at Suite 202 501 Allendale Rd in Kng Of Prussa, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $783,728.00 in May, 2020.
$
PPP Loan Information
Loan #9864327310
Loan Size:
Jobs Retained:
41Loan Approved:
2020-05-03Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationPVR Technologies Inc in Kng Of Prussa, PA received a Paycheck Protection Loan of $783,728 through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, PVR Technologies Inc's 2019 payroll expenses are estimated to be at least $3.76M.
Based on their reported 41 jobs retained, this equals an estimated average yearly compensation of $91,754 per employee1
Reported PPP Proceed Usage:
On the PPP application, PVR Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $783,728
Business Information - PVR Technologies Inc in Kng Of Prussa, PA
Suite 202 501 Allendale Rd
Kng Of Prussa, PA 19406
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 132,342 businesses in the "" industry received a total of $5.86B 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 13 employees, 68% lower than PVR Technologies Inc's reported 41 employees, and received an average PPP loan of $44,250, 94% lower than this company's loan of $783,728.
PVR Technologies Inc
Entity: Corporation
Industry:
Location: Kng Of Prussa, PA
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Search All PPP Data
PVR Technologies Inc is a corporation located at 501 Allendale Rd in Kng Of Prussa, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,910,677.00 in May, 2020.
$
PPP Loan Information
Loan #6168157702
Loan Size:
Jobs Retained:
148Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationPVR Technologies Inc in Kng Of Prussa, PA received a Paycheck Protection Loan of $2.91M through Bank of America, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, PVR Technologies Inc's 2019 payroll expenses are estimated to be at least $13.97M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $94,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, PVR Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,910,677
Business Information - PVR Technologies Inc in Kng Of Prussa, PA
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as PVR Technologies Inc.
Philadelphia Medical Management Company LLC
Surgical and Medical Instrument Manufacturing
Industry PPP Comparison Statistics
Nationwide, 132,342 businesses in the "" industry received a total of $5.86B 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 13 employees, 91% lower than PVR Technologies Inc's reported 148 employees, and received an average PPP loan of $44,250, 98% lower than this company's loan of $2.91M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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