PPP Loan Data — S.h. Bell Company, Pittsburgh, PA
S.h. Bell Company is a corporation located at 644 Alpha Drive Po Box 11495 in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,293,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Dollar Bank, A Federal Savings Bank
S.h. Bell Company in Pittsburgh, PA received a Paycheck Protection Loan of $2.29M through Dollar Bank, A Federal Savings Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, S.h. Bell Company's 2019 payroll expenses are estimated to be at least $11.01M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $84,683 per employee1
Reported PPP Proceed Usage:
On the PPP application, S.h. Bell Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,293,500
Business Information - S.h. Bell Company in Pittsburgh, PA
644 Alpha Drive Po Box 11495
Pittsburgh, PA 15238
General Warehousing and Storage
NAICS code 493110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,995 businesses in the "General Warehousing and Storage" industry received a total of $771.67M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 17 employees, 87% lower than S.h. Bell Company's reported 130 employees, and received an average PPP loan of $154,488, 93% lower than this company's loan of $2.29M.
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Footnotes & Information
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