PPP Loan Data — Degennaros Car Wash, Greensburg, PA
Degennaros Car Wash
Entity: Subchapter S Corporation
Location: Greensburg, PATweet This • Search All PPP Data
Degennaros Car Wash is a subchapter s corporation located at 1307 S Main St in Greensburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $31,222.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least eight people during the applicable loan loan period.
$ PPP Loan Information
Lender:1ST SUMMIT BANK
Degennaros Car Wash received a Paycheck Protection Loan of $31,222 through 1ST SUMMIT BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Degennaros Car Wash's total 2019 payroll expenses were approximately $149,866 in order to qualify for the PPP loan amount received.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $18,733 per employee1.
Business Information - Degennaros Car Wash in Greensburg, PA
1307 S Main St
Greensburg, PA 15601
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: PA-14
Similar Companies near Greensburg
In the Greensburg area, 6 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 8) and received an average PPP loan of $714,152 (compared to this company's $31,222).
Similar Nearby Businesses Who Received PPP Funding:
Elizabeth Seton Care Center
Redstone Presbyterian Seniorcare
Walnut Ridge, A Memory Care Home LLC
Westmorland Center Opco LLC
Darlene Kelly's Personal Care Home
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 66 employees, 725% higher than Degennaros Car Wash's reported 8 employees, and received an average PPP loan of $557,944, 1687% higher than this company's loan of $31,222.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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