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PPP Loan Data — T.W. Ponessa & Associates Counseling Services, Inc.,
Lancaster, PA
T.W. Ponessa & Associates Counseling Services, Inc.
Entity: Corporation
Industry: Offices of Physicians, Mental Health Specialists
Location: Lancaster, PA
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T.W. Ponessa & Associates Counseling Services, Inc. is a corporation located at 410 N. Prince St in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,958,999.00 in June, 2020.
The company has reported itself as a male owned business, and employed at least 495 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
495Loan Approved:
2020-06-30Lender:
S & T BANKT.W. Ponessa & Associates Counseling Services, Inc. received a Paycheck Protection Loan of $3.96M through S & T BANK, which was approved in June, 2020.
Based on standard PPP eligibility rules, T.W. Ponessa & Associates Counseling Services, Inc.'s total 2019 payroll expenses were approximately $19M in order to qualify for the PPP loan amount received.
Based on their reported 495 jobs retained, this equals an estimated average yearly compensation of $38,390 per employee1.
Business Information - T.W. Ponessa & Associates Counseling Services, Inc. in Lancaster, PA
410 N. Prince St
Lancaster, PA 17603
Business Industry
Offices of Physicians, Mental Health Specialists (NAICS code 621112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: PA-11Similar Companies near Lancaster
In the Lancaster area, 3 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 174 employees (compared to this company's 495) and received an average PPP loan of $1,430,204 (compared to this company's $3.96M).
Similar Nearby Businesses Who Received PPP Funding:
Behavioral Healthcare Corporation
Lancaster, PA
Jonathan M Gransee, PsyD And Associates, PC
Lancaster, PA
Industry PPP Comparison Statistics
Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 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 8 employees, 98% lower than T.W. Ponessa & Associates Counseling Services, Inc.'s reported 495 employees, and received an average PPP loan of $95,009, 98% lower than this company's loan of $3.96M.
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.
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.
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