PPP Loan Data — ST. Marys Equipment Co. Inc, Saint Marys, PA
ST. Marys Equipment Co. Inc
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Saint Marys, PATweet This • Search All PPP Data
ST. Marys Equipment Co. Inc is a corporation located at 1300 Brussells Street in Saint Marys, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,925.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
ST. Marys Equipment Co. Inc in Saint Marys, PA received a Paycheck Protection Loan of $24,925 through CNB Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
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, ST. Marys Equipment Co. Inc's 2019 payroll expenses are estimated to be at least $119,640.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,910 per employee1
Reported PPP Proceed Usage:
On the PPP application, ST. Marys Equipment Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,925
Business Information - ST. Marys Equipment Co. Inc in Saint Marys, PA
1300 Brussells Street
Saint Marys, PA 15857
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Saint Marys
In the Saint Marys area, 4 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $13,809 (compared to this company's $24,925).
Similar Nearby Businesses Who Received PPP Funding:
Padasak Truck & Equipment Repair Inc
Saint Marys, PA
Schatz Industrial Repair
Saint Marys, PA
Kaveney Equipment Repair LLC
Saint Marys, PA
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B 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 9 employees, 125% higher than ST. Marys Equipment Co. Inc's reported 4 employees, and received an average PPP loan of $101,583, 308% higher than this company's loan of $24,925.
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