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PPP Loan Data — Cumberland Truck Equipment Co,
Carlisle, PA
Cumberland Truck Equipment Co
Entity: Subchapter S Corporation
Industry: Automobile and Other Motor Vehicle Merchant Wholesalers
Location: Carlisle, PA
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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
Loan Size:
Jobs Retained:
292Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONCumberland 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
Business Industry
Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-10Similar 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
Carlisle, PA
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.
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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