PPP Loan Data — Spray Products Corporation,
Plymouth Meeting, PA
Spray Products Corporation
Entity: Corporation
Industry: All Other Miscellaneous Chemical Product and Preparation Manufacturing
Location: Plymouth Meeting, PA

Spray Products Corporation is a corporation located at 1323 Conshocken Road in Plymouth Meeting, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,618,045.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
187Loan Approved:
2020-04-14Lender:
FIFTH THIRD BANKSpray Products Corporation received a Paycheck Protection Loan of $2.62M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spray Products Corporation's total 2019 payroll expenses were approximately $12.57M in order to qualify for the PPP loan amount received.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $67,201 per employee1.
Business Information - Spray Products Corporation in Plymouth Meeting, PA
1323 Conshocken Road
Plymouth Meeting, PA 19462
Business Industry
All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS code 325998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-04Industry PPP Comparison Statistics
Nationwide, 1,244 businesses in the "All Other Miscellaneous Chemical Product and Preparation Manufacturing" industry received a total of $327,617,499.00 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 18 employees, 90% lower than Spray Products Corporation's reported 187 employees, and received an average PPP loan of $263,358, 90% lower than this company's loan of $2.62M.
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.
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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