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PPP Loan Data — T.d. Patrinos Painting & Contracting Co,
Bethel Park, PA
T.d. Patrinos Painting & Contracting Co
Entity: Subchapter S Corporation
Industry: Painting and Wall Covering Contractors
Location: Bethel Park, PA
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T.d. Patrinos Painting & Contracting Co is a subchapter s corporation located at 3191 Industrial Blvd in Bethel Park, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,181,900.00 in April, 2020.
$
PPP Loan Information
Loan #2439267106
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
The Huntington National BankT.d. Patrinos Painting & Contracting Co in Bethel Park, PA received a Paycheck Protection Loan of $4.18M through The Huntington National 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 September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, T.d. Patrinos Painting & Contracting Co's 2019 payroll expenses are estimated to be at least $20.07M.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $80,292 per employee1
Reported PPP Proceed Usage:
On the PPP application, T.d. Patrinos Painting & Contracting Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,181,900
Business Information - T.d. Patrinos Painting & Contracting Co in Bethel Park, PA
3191 Industrial Blvd
Bethel Park, PA 15102
Business Industry:
Painting and Wall Covering Contractors
NAICS code 238320
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as T.d. Patrinos Painting & Contracting Co.
T.d. Patrinos Painting & Contractng Co
Painting and Wall Covering Contractors
Similar Companies near Bethel Park
In the Bethel Park area, 11 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 250) and received an average PPP loan of $579,634 (compared to this company's $4.18M).
Similar Nearby Businesses Who Received PPP Funding:
T.d. Patrinos Painting & Contractng Co
Bethel Park, PA
Ian Heisler DBA Ian Heisler
Bethel Park, PA
Greenline Home Services LLC
Bethel Park, PA
Jeffrey Wyland
Bethel Park, PA
Steffan & Lancia Painting LP
Bethel Park, PA
Charleys Painting Inc
Allison Park, PA
Jeffrey J. Wyland
Bethel Park, PA
Charlies Painting
Allison Park, PA
Richard Heisler DBA Richard A Heisler Jr
Bethel Park, PA
Industry PPP Comparison Statistics
Nationwide, 49,257 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.44B 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 5 employees, 98% lower than T.d. Patrinos Painting & Contracting Co's reported 250 employees, and received an average PPP loan of $49,449, 99% lower than this company's loan of $4.18M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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