PPP Loan Data — K B Roadservice LLC, Wernersville, PA
K B Roadservice LLC is a limited liability company (LLC) located at 5108 E Penn Ave in Wernersville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fulton Bank, National Association
K B Roadservice LLC in Wernersville, PA received a Paycheck Protection Loan of $25,000 through Fulton Bank, National Association, which was approved in January, 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, K B Roadservice LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, K B Roadservice LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - K B Roadservice LLC in Wernersville, PA
5108 E Penn Ave
Wernersville, PA 19565
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wernersville
In the Wernersville area, 6 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $11,638 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Fancy Seats LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% higher than K B Roadservice LLC's reported 2 employees, and received an average PPP loan of $23,676, 5% lower than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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