PPP Loan Data — Spray Products Corporation, Plymouth Meeting, PA
Spray Products Corporation
Location: Plymouth Meeting, PATweet This • Search All PPP Data
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
Lender:FIFTH THIRD BANK
Spray 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
All Other Miscellaneous Chemical Product and Preparation Manufacturing (NAICS code 325998)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-04
Industry 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.
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