PPP Loan Data — Sterman Masser Inc, Sacramento, PA
Sterman Masser Inc is a subchapter s corporation located at 2 Fearnot Rd in Sacramento, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,859,000.00 in April, 2020.
$ PPP Loan Information
Lender:MID PENN BANK
Sterman Masser Inc received a Paycheck Protection Loan of $2.86M through MID PENN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sterman Masser Inc's total 2019 payroll expenses were approximately $13.72M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $54,893 per employee1.
Business Information - Sterman Masser Inc in Sacramento, PA
2 Fearnot Rd
Sacramento, PA 17968
Fresh Fruit and Vegetable Merchant Wholesalers (NAICS code 424480)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-09
Similar Companies near Sacramento
In the Sacramento area, 2 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 152 employees (compared to this company's 250) and received an average PPP loan of $1,673,050 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
Keystone Potato Products, LLC
Industry PPP Comparison Statistics
Nationwide, 2,174 businesses in the "Fresh Fruit and Vegetable Merchant Wholesalers" industry received a total of $605,605,165.00 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 24 employees, 90% lower than Sterman Masser Inc's reported 250 employees, and received an average PPP loan of $278,567, 90% lower than this company's loan of $2.86M.
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Footnotes & Information
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