PPP Loan Data — Technology Resource Group LLC, Sumneytown, PA
Technology Resource Group LLC is a limited liability company (LLC) located at 3001 W Big Beaver Rd in Sumneytown, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,455,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 161 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Technology Resource Group LLC received a Paycheck Protection Loan of $2.46M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Technology Resource Group LLC's total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $73,193 per employee1.
Business Information - Technology Resource Group LLC in Sumneytown, PA
3001 W Big Beaver Rd
Sumneytown, PA 18084
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: PA-04
Similar Companies near Sumneytown
In the Sumneytown area, 2 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 161) and received an average PPP loan of $1,314,950 (compared to this company's $2.46M).
Similar Nearby Businesses Who Received PPP Funding:
Urwiler & Walter, Inc
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 91% lower than Technology Resource Group LLC's reported 161 employees, and received an average PPP loan of $249,856, 90% lower than this company's loan of $2.46M.
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.
Footnotes & Information
1. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!