PPP Loan Data — The New Equation LLC, Philadelphia, PA
The New Equation LLC is a subchapter s corporation located at 1033 North 2nd Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,041,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
The New Equation LLC in Philadelphia, PA received a Paycheck Protection Loan of $3.04M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The New Equation LLC's total 2019 payroll expenses were approximately $14.6M in order to qualify for the PPP loan amount received.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $80,213 per employee1.
Business Information - The New Equation LLC in Philadelphia, PA
1033 North 2nd Street
Philadelphia, PA 19123
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-02
Similar Companies near Philadelphia
In the Philadelphia area, 8 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 182) and received an average PPP loan of $602,012 (compared to this company's $3.04M).
Similar Nearby Businesses Who Received PPP Funding:
Boco Digital Media LLC
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 94% lower than The New Equation LLC's reported 182 employees, and received an average PPP loan of $200,633, 93% lower than this company's loan of $3.04M.
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Footnotes & Information
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