PPP Loan Data — Turn 5 Inc, Paoli, PA
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
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.
Business Information - Turn 5 Inc in Paoli, PA
600 Cedar Hollow Rd
Paoli, PA 19301
Electronic Shopping and Mail-Order Houses (NAICS code 454110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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
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.
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