PPP Loan Data — St Pedro & Associates Inc, Royersford, PA
St Pedro & Associates Inc is a corporation located at 460 S Lewis Rd Suite 101 in Royersford, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Victory Bank
St Pedro & Associates Inc in Royersford, PA received a Paycheck Protection Loan of $46,600 through The Victory 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 January, 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 Pedro & Associates Inc's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, St Pedro & Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,600
Business Information - St Pedro & Associates Inc in Royersford, PA
460 S Lewis Rd Suite 101
Royersford, PA 19468
NAICS code 523920
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Royersford
In the Royersford area, 3 businesses in the "Portfolio Management" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $29,367 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
Zabri Wealth Management
Richard W Storms
Industry PPP Comparison Statistics
Nationwide, 6,153 businesses in the "Portfolio Management" industry received a total of $512.81M 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 6 employees, 25% lower than St Pedro & Associates Inc's reported 8 employees, and received an average PPP loan of $83,343, 79% higher than this company's loan of $46,600.
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Footnotes & Information
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