PPP Loan Data — Rodon Limited Partnership, Hatfield, PA
Rodon Limited Partnership is a partnership located at 2800 Sterling Dr in Hatfield, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,847,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Univest Bank and Trust Co.
Rodon Limited Partnership in Hatfield, PA received a Paycheck Protection Loan of $1.85M through Univest Bank and Trust Co., which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Rodon Limited Partnership's 2019 payroll expenses are estimated to be at least $8.87M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $88,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rodon Limited Partnership reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,847,500
Business Information - Rodon Limited Partnership in Hatfield, PA
2800 Sterling Dr
Hatfield, PA 19440
Industrial Mold Manufacturing
NAICS code 333511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,132 businesses in the "Industrial Mold Manufacturing" industry received a total of $333.26M 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 24 employees, 76% lower than Rodon Limited Partnership's reported 100 employees, and received an average PPP loan of $294,400, 84% lower than this company's loan of $1.85M.
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Footnotes & Information
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