PPP Loan Data — Kost Tire Distributors, Inc., Clarks Summit, PA
Kost Tire Distributors, Inc. is a subchapter s corporation located at 925 S State Street in Clarks Summit, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,849,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 241 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIDELITY DEPOSIT AND DISCOUNT BANK
Kost Tire Distributors, Inc. in Clarks Summit, PA received a Paycheck Protection Loan of $2.85M through FIDELITY DEPOSIT AND DISCOUNT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kost Tire Distributors, Inc.'s total 2019 payroll expenses were approximately $13.68M in order to qualify for the PPP loan amount received.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $56,746 per employee1.
Business Information - Kost Tire Distributors, Inc. in Clarks Summit, PA
925 S State Street
Clarks Summit, PA 18411
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: PA-08
Industry PPP Comparison Statistics
Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 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 11 employees, 95% lower than Kost Tire Distributors, Inc.'s reported 241 employees, and received an average PPP loan of $113,157, 96% lower than this company's loan of $2.85M.
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Footnotes & Information
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