PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — William Penn Performance Glass Inc, York, PA

ALERT: There are 2 PPP loans for a total of $208,421 in our database for businesses with the name "William Penn Performance Glass Inc" in York, PA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for William Penn Performance Glass Inc
PA

William Penn Performance Glass Inc

Entity: Corporation

Industry: All Other Miscellaneous Manufacturing

Location: York, PA

Search All PPP Data

William Penn Performance Glass Inc is a corporation located at 3655 Board Rd in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $113,873.00 in January, 2021.

$ PPP Loan Information
Loan #3666928300

Loan Size:

$113,873

Jobs Retained:

16

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Fulton Bank, National Association

William Penn Performance Glass Inc in York, PA received a Paycheck Protection Loan of $113,873 through Fulton Bank, National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, William Penn Performance Glass Inc's 2019 payroll expenses are estimated to be at least $546,590.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $34,162 per employee1

Reported PPP Proceed Usage:

On the PPP application, William Penn Performance Glass Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $113,873

Business Information - William Penn Performance Glass Inc in York, PA

William Penn Performance Glass Inc
3655 Board Rd
York, PA 17406

Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

York County, PA — SBA Office 0303 — Congressional District: PA-10

Similar Companies near York

In the York area, 5 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 16) and received an average PPP loan of $514,026 (compared to this company's $113,873).

Industry PPP Comparison Statistics

Nationwide, 17,409 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B 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 12 employees, 25% lower than William Penn Performance Glass Inc's reported 16 employees, and received an average PPP loan of $118,345, 4% higher than this company's loan of $113,873.

SBA PPP loan data, payroll data, and salaries for William Penn Performance Glass, Inc
PA

William Penn Performance Glass, Inc

Entity: Corporation

Industry: Automotive Glass Replacement Shops

Location: York, PA

Search All PPP Data

William Penn Performance Glass, Inc is a corporation located at 3655 Board Road in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $94,548.00 in April, 2020.

$ PPP Loan Information
Loan #6933167104

Loan Size:

$94,548

Jobs Retained:

7

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

Fulton Bank, National Association

William Penn Performance Glass, Inc in York, PA received a Paycheck Protection Loan of $94,548 through Fulton Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, William Penn Performance Glass, Inc's 2019 payroll expenses are estimated to be at least $453,830.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $64,833 per employee1

Reported PPP Proceed Usage:

On the PPP application, William Penn Performance Glass, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $70,911
  • Utilities: $11,818
  • Rent: $11,818

Business Information - William Penn Performance Glass, Inc in York, PA

William Penn Performance Glass, Inc
3655 Board Road
York, PA 17406

Business Industry:
Automotive Glass Replacement Shops
NAICS code 811122

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

York County, PA — SBA Office 0303 — Congressional District: PA-11

Similar Companies near York

In the York area, 2 businesses in the "Automotive Glass Replacement Shops" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $65,906 (compared to this company's $94,548).

Similar Nearby Businesses Who Received PPP Funding:

Accent Tint & Graphics Inc
York, PA

$37,263 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,514 businesses in the "Automotive Glass Replacement Shops" industry received a total of $198.06M 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, 29% lower than William Penn Performance Glass, Inc's reported 7 employees, and received an average PPP loan of $43,876, 54% lower than this company's loan of $94,548.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/william-penn-performance-glass-inc-york-pa