PPP Loan Data — Leslie Equipment Co,
Cowen, WV
Leslie Equipment Co
Entity: Subchapter S Corporation
Industry: Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
Location: Cowen, WV

Leslie Equipment Co is a subchapter s corporation located at 6248 Webster Rd in Cowen, West Virginia that received a Coronavirus-related PPP loan from the SBA of $4,177,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
233Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONLeslie Equipment Co in Cowen, WV received a Paycheck Protection Loan of $4.18M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Leslie Equipment Co's total 2019 payroll expenses were approximately $20.05M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $86,050 per employee1.
Business Information - Leslie Equipment Co in Cowen, WV
6248 Webster Rd
Cowen, WV 26206
Business Industry
Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (NAICS code 423810)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: WV-03Industry PPP Comparison Statistics
Nationwide, 1,830 businesses in the "Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers" industry received a total of $454,516,744.00 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 15 employees, 94% lower than Leslie Equipment Co's reported 233 employees, and received an average PPP loan of $248,370, 94% lower than this company's loan of $4.18M.
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, and is published unmodified, as provided by the SBA.
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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