PPP Loan Data — Vari Corporation Inc., Schuylkill Haven, PA
Vari Corporation Inc. is a corporation located at 155 Route 61 S in Schuylkill Haven, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,637,255.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Vari Corporation Inc. in Schuylkill Haven, PA received a Paycheck Protection Loan of $2.64M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vari Corporation Inc.'s total 2019 payroll expenses were approximately $12.66M in order to qualify for the PPP loan amount received.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $52,094 per employee1.
Business Information - Vari Corporation Inc. in Schuylkill Haven, PA
155 Route 61 S
Schuylkill Haven, PA 17972
Power Boiler and Heat Exchanger Manufacturing (NAICS code 332410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-09
Industry PPP Comparison Statistics
Nationwide, 179 businesses in the "Power Boiler and Heat Exchanger Manufacturing" industry received a total of $121,004,820.00 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 44 employees, 82% lower than Vari Corporation Inc.'s reported 243 employees, and received an average PPP loan of $676,005, 74% lower than this company's loan of $2.64M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!