PPP Loan Data — Cumberland Truck Equipment Co, Carlisle, PA
Cumberland Truck Equipment Co
Entity: Subchapter S Corporation
Location: Carlisle, PATweet This • Search All PPP Data
Cumberland Truck Equipment Co is a subchapter s corporation located at 25 Roadway Dr in Carlisle, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,143,200.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Cumberland Truck Equipment Co received a Paycheck Protection Loan of $3.14M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cumberland Truck Equipment Co's total 2019 payroll expenses were approximately $15.09M in order to qualify for the PPP loan amount received.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $51,669 per employee1.
Business Information - Cumberland Truck Equipment Co in Carlisle, PA
25 Roadway Dr
Carlisle, PA 17015
Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-10
Similar Companies near Carlisle
In the Carlisle area, 2 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 146 employees (compared to this company's 292) and received an average PPP loan of $3,421,000 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
Motor Truck Equipment Company
Industry PPP Comparison Statistics
Nationwide, 4,037 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $746,857,572.00 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 15 employees, 95% lower than Cumberland Truck Equipment Co's reported 292 employees, and received an average PPP loan of $185,003, 94% lower than this company's loan of $3.14M.
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