PPP Loan Data — Robert Knauer, Allentown, PA
Robert Knauer is a sole proprietorship located in Allentown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Robert Knauer in Allentown, PA received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Robert Knauer reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Robert Knauer in Allentown, PA
* Full address is redacted to protect the privacy of individuals.
Title Abstract and Settlement Offices
NAICS code 541191
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Allentown
In the Allentown area, 2 businesses in the "Title Abstract and Settlement Offices" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,380 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Affinity Abstract Company, LLC
Industry PPP Comparison Statistics
Nationwide, 5,533 businesses in the "Title Abstract and Settlement Offices" industry received a total of $500.83M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 700% higher than Robert Knauer's reported 1 employees, and received an average PPP loan of $90,517, 262% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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