PPP Loan Data — The Horst Group, Inc., Lancaster, PA
The Horst Group, Inc. is a subchapter s corporation located at 320 Granite Run Drive in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,699,215.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
The Horst Group, Inc. in Lancaster, PA received a Paycheck Protection Loan of $3.7M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Horst Group, Inc.'s total 2019 payroll expenses were approximately $17.76M in order to qualify for the PPP loan amount received.
Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $63,871 per employee1.
Business Information - The Horst Group, Inc. in Lancaster, PA
320 Granite Run Drive
Lancaster, PA 17601
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-11
Similar Companies near Lancaster
In the Lancaster area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 278) and received an average PPP loan of $1,853,358 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
Dieter Holdings LLC DBA Quarter Bend Guitar Studio
Industry PPP Comparison Statistics
Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 95% lower than The Horst Group, Inc.'s reported 278 employees, and received an average PPP loan of $160,790, 96% lower than this company's loan of $3.7M.
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