PPP Loan Data — Decarolis Truck Rental Inc, Rochester, NY
Decarolis Truck Rental Inc
Location: Rochester, NYTweet This • Search All PPP Data
Decarolis Truck Rental Inc is a corporation located at 333 Colfax Street in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $1,975,290.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 173 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Decarolis Truck Rental Inc in Rochester, NY received a Paycheck Protection Loan of $1.98M through Manufacturers and Traders Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Decarolis Truck Rental Inc's 2019 payroll expenses are estimated to be at least $9.48M.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $54,806 per employee1
Reported PPP Proceed Usage:
On the PPP application, Decarolis Truck Rental Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,580,233
- Utilities: $40,000
- Rent: $178,915
- Health Care: $132,053
- Debt Interest: $44,089
Business Information - Decarolis Truck Rental Inc in Rochester, NY
333 Colfax Street
Rochester, NY 14606
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
NAICS code 532120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,695 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $352.27M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 98% lower than Decarolis Truck Rental Inc's reported 173 employees, and received an average PPP loan of $52,616, 97% lower than this company's loan of $1.98M.
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Footnotes & Information
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