PPP Loan Data — S. Walter Packaging Corp., Philadelphia, PA
S. Walter Packaging Corp.
Entity: Sole Proprietorship
Location: Philadelphia, PATweet This • Search All PPP Data
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
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.
Business Information - S. Walter Packaging Corp. in Philadelphia, PA
2900 Grant Ave
Philadelphia, PA 19114
Industrial and Personal Service Paper Merchant Wholesalers (NAICS code 424130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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