PPP Loan Data — Union Street Advisors Inc, West Chester, PA
Union Street Advisors Inc is a corporation located at 307 W Union St in West Chester, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,988.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:S & T Bank
Union Street Advisors Inc in West Chester, PA received a Paycheck Protection Loan of $46,988 through S & T Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Union Street Advisors Inc's 2019 payroll expenses are estimated to be at least $225,542.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,181 per employee1
Reported PPP Proceed Usage:
On the PPP application, Union Street Advisors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,988
Business Information - Union Street Advisors Inc in West Chester, PA
307 W Union St
West Chester, PA 19382
NAICS code 523120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,392 businesses in the "Securities Brokerage" industry received a total of $314.49M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 67% higher than Union Street Advisors Inc's reported 3 employees, and received an average PPP loan of $71,606, 52% higher than this company's loan of $46,988.
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Footnotes & Information
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