PPP Loan Data — Kevin Scott Reesman Trucking LLC, New Bethlehem, PA
Kevin Scott Reesman Trucking LLC
Entity: Limited Liability Company (LLC)
Location: New Bethlehem, PATweet This • Search All PPP Data
Kevin Scott Reesman Trucking LLC is a limited liability company (LLC) located at 227 Crosscut Rd in New Bethlehem, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Marion Center Bank
Kevin Scott Reesman Trucking LLC in New Bethlehem, PA received a Paycheck Protection Loan of $25,200 through Marion Center Bank, which was approved in April, 2020.
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, Kevin Scott Reesman Trucking LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kevin Scott Reesman Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Kevin Scott Reesman Trucking LLC in New Bethlehem, PA
227 Crosscut Rd
New Bethlehem, PA 16242
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near New Bethlehem
In the New Bethlehem area, 2 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $34,250 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
T&D Shumaker Trucking Inc
New Bethlehem, PA
Industry PPP Comparison Statistics
Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, 100% higher than Kevin Scott Reesman Trucking LLC's reported 3 employees, and received an average PPP loan of $66,149, 162% higher than this company's loan of $25,200.
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Footnotes & Information
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