PPP Loan Data — S Emerson Group Inc, Wayne, PA
S Emerson Group Inc is a corporation located at 407 E Lancaster Ave in Wayne, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,780,540.00 in April, 2020.
$ PPP Loan Information
Lender:REPUBLIC FIRST BANK D/B/A REPUBLIC BANK
S Emerson Group Inc received a Paycheck Protection Loan of $3.78M through REPUBLIC FIRST BANK D/B/A REPUBLIC BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 161 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 181.
Based on standard PPP eligibility rules, S Emerson Group Inc's total 2019 payroll expenses were approximately $18.15M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 161 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - S Emerson Group Inc in Wayne, PA
407 E Lancaster Ave
Wayne, PA 19087
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-05
Similar Companies near Wayne
In the Wayne area, 12 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 161) and received an average PPP loan of $533,748 (compared to this company's $3.78M).
Similar Nearby Businesses Who Received PPP Funding:
Facenda Advertising Incorporated
William J. Mansfield, Inc
Graham Media Partners, LLC
The Mccabe Communications Group, Inc.
Direct Choice Inc
TPD Design House, LLC
DMW Worldwide LLC
Deerfield Agency Inc
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 95% lower than S Emerson Group Inc's reported 161 employees, and received an average PPP loan of $126,253, 97% lower than this company's loan of $3.78M.
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Footnotes & Information
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