PPP Loan Data — Stambaugh Ness Group, LLC, York, PA
Stambaugh Ness Group, LLC is a limited liability company (LLC) located at 2600 Eastern Blvd in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,054,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Mid Penn Bank
Stambaugh Ness Group, LLC in York, PA received a Paycheck Protection Loan of $2.05M through Mid Penn Bank, which was approved in April, 2020.
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, Stambaugh Ness Group, LLC's 2019 payroll expenses are estimated to be at least $9.86M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $82,188 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stambaugh Ness Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,054,700
Business Information - Stambaugh Ness Group, LLC in York, PA
2600 Eastern Blvd
York, PA 17402
Other Accounting Services
NAICS code 541219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near York
In the York area, 19 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 120) and received an average PPP loan of $130,567 (compared to this company's $2.05M).
Similar Nearby Businesses Who Received PPP Funding:
Straubs Inventory Control Inc
Accu-Tax The Tax Professionals, Inc
Better Books PA
Independence Funding Group Inc
Accounting Services Of York LLC
Industry PPP Comparison Statistics
Nationwide, 64,443 businesses in the "Other Accounting Services" industry received a total of $2.03B 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 3 employees, 98% lower than Stambaugh Ness Group, LLC's reported 120 employees, and received an average PPP loan of $31,571, 98% lower than this company's loan of $2.05M.
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Footnotes & Information
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