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PPP Loan Data — Sigmapharm Laboratories, LLC, Bensalem, PA

SBA PPP loan data, payroll data, and salaries for Sigmapharm Laboratories, LLC
PA

Sigmapharm Laboratories, LLC

Entity: Limited Liability Company (LLC)

Industry: Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)

Location: Bensalem, PA

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Sigmapharm Laboratories, LLC is a limited liability company (LLC) located at 3375 Progress Drive in Bensalem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,721,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

154

Loan Approved:

2020-04-12

Lender:

TD BANK, NATIONAL ASSOCIATION

Sigmapharm Laboratories, LLC received a Paycheck Protection Loan of $2.72M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sigmapharm Laboratories, LLC's total 2019 payroll expenses were approximately $13.06M in order to qualify for the PPP loan amount received.

Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $84,810 per employee1.

Because the loan received by Sigmapharm Laboratories, LLC 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 - Sigmapharm Laboratories, LLC in Bensalem, PA

Sigmapharm Laboratories, LLC
3375 Progress Drive
Bensalem, PA 19020

Business Industry

Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (NAICS code 541715)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-01

Industry PPP Comparison Statistics

Nationwide, 2,580 businesses in the "Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)" industry received a total of $574,978,946.00 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 12 employees, 92% lower than Sigmapharm Laboratories, LLC's reported 154 employees, and received an average PPP loan of $222,860, 92% lower than this company's loan of $2.72M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/sigmapharm-laboratories-llc-bensalem-pa