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PPP Loan Data — Motor Truck Equipment Company, Carlisle, PA

SBA PPP loan data, payroll data, and salaries for Motor Truck Equipment Company
PA

Motor Truck Equipment Company

Entity: Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: Carlisle, PA

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Motor Truck Equipment Company is a corporation located at 198 Kost Rd in Carlisle, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,698,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.7M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-04

Lender:

ORRSTOWN BANK

Motor Truck Equipment Company in Carlisle, PA received a Paycheck Protection Loan of $3.7M through ORRSTOWN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Motor Truck Equipment Company's total 2019 payroll expenses were approximately $17.75M in order to qualify for the PPP loan amount received.

Unlike most businesses, Motor Truck Equipment Company's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Motor Truck Equipment Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Motor Truck Equipment Company in Carlisle, PA

Motor Truck Equipment Company
198 Kost Rd
Carlisle, PA 17015

Business Industry

Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-10

Similar Companies near Carlisle

In the Carlisle area, 2 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 146 employees (compared to this company's 0) and received an average PPP loan of $3,421,000 (compared to this company's $3.7M).

Similar Nearby Businesses Who Received PPP Funding:

Cumberland Truck Equipment Co
Carlisle, PA

$3.14M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,037 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $746,857,572.00 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, and received an average PPP loan of $185,003, 95% lower than this company's loan of $3.7M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/motor-truck-equipment-company-carlisle-pa