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PPP Loan Data — Bowman Sales & Equipment, Inc., Williamsport, MD

SBA PPP loan data, payroll data, and salaries for Bowman Sales & Equipment, Inc.
MD

Bowman Sales & Equipment, Inc.

Entity: Subchapter S Corporation

Industry: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

Location: Williamsport, MD

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Bowman Sales & Equipment, Inc. is a subchapter s corporation located at 10233 Governor Lane Blvd in Williamsport, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,447,900.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 187 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.45M

Jobs Retained:

187

Loan Approved:

2020-04-09

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Bowman Sales & Equipment, Inc. received a Paycheck Protection Loan of $2.45M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bowman Sales & Equipment, Inc.'s total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.

Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $62,834 per employee1.

Because the loan received by Bowman Sales & Equipment, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Bowman Sales & Equipment, Inc. in Williamsport, MD

Bowman Sales & Equipment, Inc.
10233 Governor Lane Blvd
Williamsport, MD 21795

Business Industry

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (NAICS code 532120)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MD-06

Industry PPP Comparison Statistics

Nationwide, 1,428 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $223,290,538.00 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 12 employees, 94% lower than Bowman Sales & Equipment, Inc.'s reported 187 employees, and received an average PPP loan of $156,366, 94% lower than this company's loan of $2.45M.

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.

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Footnotes & Information

1. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bowman-sales-and-equipment-inc-williamsport-md