PPP Loan Data — The Eads Group Inc., Altoona, PA
The Eads Group Inc. is a subchapter s corporation located at 1126 8th Ave in Altoona, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,449,275.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
The Eads Group Inc. in Altoona, PA received a Paycheck Protection Loan of $3.45M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Eads Group Inc.'s total 2019 payroll expenses were approximately $16.56M in order to qualify for the PPP loan amount received.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $69,274 per employee1.
Business Information - The Eads Group Inc. in Altoona, PA
1126 8th Ave
Altoona, PA 16602
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-13
Similar Companies near Altoona
In the Altoona area, 4 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 239) and received an average PPP loan of $903,591 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
Pyramid Engineering PC
Power-Up Electrical Design Services, LLC
Levine Engineering, LLC
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, 94% lower than The Eads Group Inc.'s reported 239 employees, and received an average PPP loan of $249,856, 93% lower than this company's loan of $3.45M.
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