PPP Loan Data — Rumsey Electric Company, Conshohocken, PA
Rumsey Electric Company
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Conshohocken, PATweet This • Search All PPP Data
Rumsey Electric Company is a corporation located at 15 Colwell Ln in Conshohocken, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,337,100.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Rumsey Electric Company in Conshohocken, PA received a Paycheck Protection Loan of $4.34M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rumsey Electric Company's total 2019 payroll expenses were approximately $20.82M in order to qualify for the PPP loan amount received.
Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $75,702 per employee1.
Business Information - Rumsey Electric Company in Conshohocken, PA
15 Colwell Ln
Conshohocken, PA 19428
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-04
Similar Companies near Conshohocken
In the Conshohocken area, 2 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 275) and received an average PPP loan of $2,181,800 (compared to this company's $4.34M).
Similar Nearby Businesses Who Received PPP Funding:
Keystone Power And Light LLC
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 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 15 employees, 95% lower than Rumsey Electric Company's reported 275 employees, and received an average PPP loan of $230,211, 95% lower than this company's loan of $4.34M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!