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PPP Loan Data — Interstate Truckway, Inc, Cincinnati, OH

SBA PPP loan data, payroll data, and salaries for Interstate Truckway, Inc
OH

Interstate Truckway, Inc

Entity: Subchapter S Corporation

Industry: Used Car Dealers

Location: Cincinnati, OH

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Interstate Truckway, Inc is a subchapter s corporation located at 312 Elm Street in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,665,400.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 215 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.67M

Jobs Retained:

215

Loan Approved:

2020-04-15

Lender:

THE HUNTINGTON NATIONAL BANK

Interstate Truckway, Inc received a Paycheck Protection Loan of $2.67M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Interstate Truckway, Inc's total 2019 payroll expenses were approximately $12.79M in order to qualify for the PPP loan amount received.

Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $59,507 per employee1.

Because the loan received by Interstate Truckway, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Interstate Truckway, Inc in Cincinnati, OH

Interstate Truckway, Inc
312 Elm Street
Cincinnati, OH 45202

Business Industry

Used Car Dealers (NAICS code 441120)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: VETERAN

Congressional District: OH-01

Industry PPP Comparison Statistics

Nationwide, 19,222 businesses in the "Used Car Dealers" industry received a total of $1,465,557,208.00 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 7 employees, 97% lower than Interstate Truckway, Inc's reported 215 employees, and received an average PPP loan of $76,244, 97% lower than this company's loan of $2.67M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/interstate-truckway-inc-cincinnati-oh