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PPP Loan Data — Schneider Downs & Co Inc, Pittsburgh, PA

SBA PPP loan data, payroll data, and salaries for Schneider Downs & Co Inc
PA

Schneider Downs & Co Inc

Entity: Corporation

Industry: Other Accounting Services

Location: Pittsburgh, PA

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Schneider Downs & Co Inc is a corporation located at 1 Ppg Pl in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $8,815,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.82M

Jobs Retained:

495

Loan Approved:

2020-04-07

Lender:

PNC BANK, NATIONAL ASSOCIATION

Schneider Downs & Co Inc in Pittsburgh, PA received a Paycheck Protection Loan of $8.82M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Schneider Downs & Co Inc's total 2019 payroll expenses were approximately $42.32M in order to qualify for the PPP loan amount received.

Based on their reported 495 jobs retained, this equals an estimated average yearly compensation of $85,487 per employee1.

Because the loan received by Schneider Downs & Co Inc 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 - Schneider Downs & Co Inc in Pittsburgh, PA

Schneider Downs & Co Inc
1 Ppg Pl
Pittsburgh, PA 15222

Business Industry

Other Accounting Services (NAICS code 541219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-18

Similar Companies near Pittsburgh

In the Pittsburgh area, 6 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 495) and received an average PPP loan of $1,616,227 (compared to this company's $8.82M).

Industry PPP Comparison Statistics

Nationwide, 31,743 businesses in the "Other Accounting Services" industry received a total of $1,370,914,494.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 99% lower than Schneider Downs & Co Inc's reported 495 employees, and received an average PPP loan of $43,188, 100% lower than this company's loan of $8.82M.

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/schneider-downs-and-co-inc-pittsburgh-pa