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PPP Loan Data — Bowman Sales & Equipment, Inc.,
Williamsport, 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:
Jobs Retained:
187Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COBowman 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.
Business Information - Bowman Sales & Equipment, Inc. in Williamsport, MD
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-06Industry 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.
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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