PPP Loan Data — Standard Offset Printing Company Inc, Reading, PA
Standard Offset Printing Company Inc is a corporation located at 433 Pearl St in Reading, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
Standard Offset Printing Company Inc in Reading, PA received a Paycheck Protection Loan of $2M through Fulton Bank, National Association, which was approved 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, Standard Offset Printing Company Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $71,111 per employee1
Reported PPP Proceed Usage:
On the PPP application, Standard Offset Printing Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Standard Offset Printing Company Inc in Reading, PA
433 Pearl St
Reading, PA 19602
All Other Miscellaneous Manufacturing
NAICS code 339999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Reading
In the Reading area, 3 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 135) and received an average PPP loan of $870,051 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
K&L Woodworking Inc
Delux Dental Laboratory Inc
Industry PPP Comparison Statistics
Nationwide, 17,359 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B 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 12 employees, 91% lower than Standard Offset Printing Company Inc's reported 135 employees, and received an average PPP loan of $118,586, 94% lower than this company's loan of $2M.
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Footnotes & Information
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