PPP Loan Data — Weidenhammer Systems Corporation, Reading, PA
Weidenhammer Systems Corporation is a subchapter s corporation located at 935 Berkshire Blvd in Reading, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,987,995.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Weidenhammer Systems Corporation in Reading, PA received a Paycheck Protection Loan of $2.99M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Weidenhammer Systems Corporation's total 2019 payroll expenses were approximately $14.34M in order to qualify for the PPP loan amount received.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $94,358 per employee1.
Business Information - Weidenhammer Systems Corporation in Reading, PA
935 Berkshire Blvd
Reading, PA 19610
Computer Systems Design Services (NAICS code 541512)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-06
Similar Companies near Reading
In the Reading area, 5 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 152) and received an average PPP loan of $1,416,604 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
David C. Hess
William A. Fraser, Inc
West Reading, PA
Domain Technology Group, Inc.
Industry PPP Comparison Statistics
Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 93% lower than Weidenhammer Systems Corporation's reported 152 employees, and received an average PPP loan of $181,408, 94% lower than this company's loan of $2.99M.
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