PPP Loan Data — Diehl Automotive Group, Inc, Butler, PA
Diehl Automotive Group, Inc
Entity: Subchapter S Corporation
Location: Butler, PATweet This • Search All PPP Data
Diehl Automotive Group, Inc is a subchapter s corporation located at 258 Pittsburgh Road in Butler, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,085,600.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 141 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Somerset Trust Company
Diehl Automotive Group, Inc in Butler, PA received a Paycheck Protection Loan of $2.09M through Somerset Trust Company, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Diehl Automotive Group, Inc's 2019 payroll expenses are estimated to be at least $10.01M.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $70,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, Diehl Automotive Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,085,600
Business Information - Diehl Automotive Group, Inc in Butler, PA
258 Pittsburgh Road
Butler, PA 16002
Lessors of Nonresidential Buildings (except Miniwarehouses)
NAICS code 531120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 19,255 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1.72B 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 10 employees, 93% lower than Diehl Automotive Group, Inc's reported 141 employees, and received an average PPP loan of $89,367, 96% lower than this company's loan of $2.09M.
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Footnotes & Information
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