PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Turn 5 Inc, Paoli, PA

SBA PPP loan data, payroll data, and salaries for Turn 5 Inc
PA

Turn 5 Inc

Entity: Subchapter S Corporation

Industry: Electronic Shopping and Mail-Order Houses

Location: Paoli, PA

Search All PPP Data

Turn 5 Inc is a subchapter s corporation located at 600 Cedar Hollow Rd in Paoli, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,694,700.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 377 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.69M

Jobs Retained:

377

Loan Approved:

2020-04-13

Lender:

PNC BANK, NATIONAL ASSOCIATION

Turn 5 Inc received a Paycheck Protection Loan of $4.69M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Turn 5 Inc's total 2019 payroll expenses were approximately $22.53M in order to qualify for the PPP loan amount received.

Based on their reported 377 jobs retained, this equals an estimated average yearly compensation of $59,773 per employee1.

Because the loan received by Turn 5 Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Turn 5 Inc in Paoli, PA

Turn 5 Inc
600 Cedar Hollow Rd
Paoli, PA 19301

Business Industry

Electronic Shopping and Mail-Order Houses (NAICS code 454110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-06

Similar Companies near Paoli

In the Paoli area, 2 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a PPP loan. These local businesses reported an average of 189 employees (compared to this company's 377) and received an average PPP loan of $2,362,574 (compared to this company's $4.69M).

Similar Nearby Businesses Who Received PPP Funding:

Gordon S Converse & Co
Paoli, PA

$30,447 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,082 businesses in the "Electronic Shopping and Mail-Order Houses" industry received a total of $544,486,530.00 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 7 employees, 98% lower than Turn 5 Inc's reported 377 employees, and received an average PPP loan of $76,883, 98% lower than this company's loan of $4.69M.

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.

Search FederalPay's Full PPP Loan Database

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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/turn-5-inc-paoli-pa