Politics & Government
See The 40 Bensalem Businesses That Got Biggest PPP Loans
In Bensalem, 40 companies and organizations received loans for more than $1 million. See the list here.
BENSALEM, PA — The U.S. Small Business Administration and U.S. Treasury released details of the country's massive Paycheck Protection Program that helped businesses affected by the coronavirus pandemic.
A total of $20.7 billion in loans from the program were distributed in Pennsylvania, protecting 1.8 million jobs, the SBA said in its most recent report on the program. The loans will be forgiven if businesses keep employees on the payroll.
In Bensalem, 40 companies and organizations received loans for more than $1 million, including three that received between $5-10 million.
Find out what's happening in Bensalemfor free with the latest updates from Patch.
Dozens more Bensalem employers received smaller loans through the program. You may see those at the link at the bottom of this post.
Here is a breakdown of the loans of at least $1 million received by Bensalem employers:
Find out what's happening in Bensalemfor free with the latest updates from Patch.
$5 million-$10 Million
2ND AVE, LLC
A.T. CHADWICK CO., INC.
AIRLINE HYDRAULICS CORPORATION
$2 million-$5 million
ATLANTIC DIAGNOSTIC LABORATORIES, LLC
BRIGHTLINE CONSTRUCTION, INC.
CHADWICK SERVICE COMPANY
HAGEN CONSTRUCTION INC
IMAGEONE INTERCO, LLC
MIRARCHI BROTHERS, INC.
NESHAMINY ELECTRICAL CONTRACTORS,INC
PENNSYLVANIA STEEL CO INC
SIGMAPHARM LABORATORIES, LLC
WARWICK FAMILY SERVICES INC
$1 million-$2 million
ADVANCED LUBRICATION SPECIALTIES INC
BENCARDINO EXCAVATING INC
CPC AIRPORT PHL, LLC
D'ANDREA BROS. CONCRETE CO., INC.
DONEGAL OFFICE SOLUTIONS INC.
DYNAMIC HOME HEALTH CARE INC.
EDA CONSTRUCTION COMPANY INC.
EDA ROOFING CORP.
EMPIRE STATE REBAR INSTALL LLC
FUNDING METRICS, LLC
GLASS ENTERPRISES INC.
GREENDROP TRUCKING, LLC
GREENDROP, LLC
HOLY GHOST PREPARATORY SCHOOL
HOSHINO USA INC
LIVENGRIN FOUNDATION, INC.
MAHAVIR MUNI LLC
MECO CONSTRUCTORS, INC
MEN OF STEEL ENTERPRISES LLC
METRO PUBLIC ADJUSTMENTS, INC.
MOBILE ADDICTION, LLC-SBA SMALL 7A TERM
MONARCH RECOVERY HOLDINGS, INC.
SPECIALTY RING PRODUCTS, INC.
SUPERIOR SCAFFOLD SERVICES INC
T.C. MILLWORK, INC.
TRI STATE CONTAINER CORP
VIP WIRELESS HOLDINGS LLC
Nationwide, more than 4.9 million loans of more than $150,000 were made to businesses and nonprofit organizations. The total amount for approved loans over that amount was more than $521 billion.
Of the loans distributed in Pennsylvania, 26,095 were for more than $150,000. Two hundred and six Pennsylvania businesses received between $5 and $10 from the program.
Here is a breakdown of the amounts approved in Pennsylvania:
- $5 million to $10 million: 206 loans
- $2 million to $5 million: 1,096 loans
- $1 million to $2 million: 2,255 loans
- $350,000 to $1 million: 8,059 loans
- $150,000 to $300,000: 14,479 loans
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