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PPP Loan Data — Marmita's Truck Service Inc.,
Worcester, MA
Marmita's Truck Service Inc.
Entity: Corporation
Industry: All Other Automotive Repair and Maintenance
Location: Worcester, MA
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Marmita's Truck Service Inc. is a corporation located at 22 Eskow Rd in Worcester, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $23,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-29Lender:
BAY STATE SAVINGS BANKMarmita's Truck Service Inc. received a Paycheck Protection Loan of $23,800 through BAY STATE SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Marmita's Truck Service Inc.'s total 2019 payroll expenses were approximately $114,240 in order to qualify for the PPP loan amount received.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $57,120 per employee1.
Business Information - Marmita's Truck Service Inc. in Worcester, MA
22 Eskow Rd
Worcester, MA 1604
Business Industry
All Other Automotive Repair and Maintenance (NAICS code 811198)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-02Similar Companies near Worcester
In the Worcester area, 3 businesses in the "All Other Automotive Repair and Maintenance" 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 $855,733 (compared to this company's $23,800).
Similar Nearby Businesses Who Received PPP Funding:
Ballard Mack Business Trust
Worcester, MA
Cesars Auto Detailing Inc
Worcester, MA
Industry PPP Comparison Statistics
Nationwide, 8,429 businesses in the "All Other Automotive Repair and Maintenance" industry received a total of $424,681,322.00 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 5 employees, 150% higher than Marmita's Truck Service Inc.'s reported 2 employees, and received an average PPP loan of $50,383, 112% higher than this company's loan of $23,800.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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