8 local companies receive paycheck funds
Paycheck Protection Program gives loans to businesses, non-profit organizations
LEWISTOWN — A total of eight local businesses and non-profit organizations received loans of at least $1 million each from the federal Paycheck Protection Program, according to data that was made publicly available earlier this week.
The available data does not provide an exact figure of how much was received, but instead gives a range.
The eight local businesses are among approximately 660,000 loans disclosed nationwide by the Small Business Administration and the Treasury Department.
In Mifflin County, Harrisburg Home Health Holdings LLC, a personal care services provider that serves Lewistown, received between $2 million and $5 million, despite the loan being listed as supporting zero jobs. Other Mifflin County businesses included David M. Maines Associates Inc. of Lewistown, a roofing business that received between $1 million and $2 million to support 53 jobs; PRN Medical Staffing in Lewistown, a home health care provider, which received between $1 million and $2 million to support 302 jobs; and Valley View Haven in Belleville, a continuing care retirement community, which received between $2 million and $5 million to support 339 jobs.
In Juniata County, two businesses received loans. Zimmerman Truck Lines, based in Mifflintown, a general freight hauler and long-distance trucking company, received between $1 million and $2 million to support 98 jobs. Sanitation Solutions Plus, based in Mifflin, listed in the business support category, received between $1 million and $2 million despite being identified as supporting zero jobs.
Two Snyder County organizations were approved for loans. Airy Dale Farm Market, of Beaver Springs, received between $2 million and $5 million to support 12 jobs and Donald B. Remmey Inc., a wood container and pallet manufacturer in Beaver Springs, received between $1 million and $2 million to support 140 jobs.
The SBA database does not indicate anything other than loan amounts, jobs to be saved and a limited amount of demographic data about each business.
The Paycheck Protection Program provides forgivable loans as a direct incentive for small businesses to keep their workers on the payroll during the COVID-19 pandemic.
The loan will be fully forgiven if the funds are used for payroll costs, interest on mortgages, rent and utilities (at least 60% of the forgiven amount must have been used for payroll).
PPP loans have an interest rate of 1%. Loans issued prior to June 5 have a maturity of two years. Loans issued after June 5 have a maturity of five years. Loan payments are deferred for six months. No collateral or personal guarantees are required. Neither the government nor lenders charge any fees.
Lifestyles editor Jeff Fishbein contributed to this report.
Local PPP loan recipients
¯ Harrisburg Home Health Holdings LLC, Lewistown (personal care services, 0 jobs)
¯ David M. Maines Associates Inc., Lewistown (roofing, 53 jobs)
¯ PRN Medical Staffing, Lewistown (home health care, 302 jobs)
¯ Valley View Haven, Belleville (continuing care retirement community, 339 jobs)
¯ Zimmerman Truck Lines, Mifflintown (general freight, 98 jobs)
¯ Sanitation Solutions Plus, Mifflin (business support, 0 jobs)
¯ Airy Dale Farm Market, Beaver Springs (other personal service, 12 jobs)
¯ Donald B Remmey Inc., Beaver Springs (pallet mfg, 140 jobs)