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PPP Loan Data — S. Walter Packaging Corp., Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for S. Walter Packaging Corp.
PA

S. Walter Packaging Corp.

Entity: Sole Proprietorship

Industry: Industrial and Personal Service Paper Merchant Wholesalers

Location: Philadelphia, PA

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S. Walter Packaging Corp. is a sole proprietorship located at 2900 Grant Ave in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,160,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.16M

Jobs Retained:

251

Loan Approved:

2020-04-07

Lender:

WILMINGTON SAVINGS FUND SOCIETY, FSB

S. Walter Packaging Corp. in Philadelphia, PA received a Paycheck Protection Loan of $4.16M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.

Based on standard PPP eligibility rules, S. Walter Packaging Corp.'s total 2019 payroll expenses were approximately $19.97M in order to qualify for the PPP loan amount received.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $79,560 per employee1.

Because the loan received by S. Walter Packaging Corp. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - S. Walter Packaging Corp. in Philadelphia, PA

S. Walter Packaging Corp.
2900 Grant Ave
Philadelphia, PA 19114

Business Industry

Industrial and Personal Service Paper Merchant Wholesalers (NAICS code 424130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-02

Similar Companies near Philadelphia

In the Philadelphia area, 2 businesses in the "Industrial and Personal Service Paper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 358 employees (compared to this company's 251) and received an average PPP loan of $5,277,050 (compared to this company's $4.16M).

Similar Nearby Businesses Who Received PPP Funding:

Penn Jersey Paper Co.
Philadelphia, PA

$6.39M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 977 businesses in the "Industrial and Personal Service Paper Merchant Wholesalers" industry received a total of $222,691,379.00 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 17 employees, 93% lower than S. Walter Packaging Corp.'s reported 251 employees, and received an average PPP loan of $227,934, 95% lower than this company's loan of $4.16M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/s-walter-packaging-corp-philadelphia-pa