PPP Loan Data — Movers Specialty Service, Inc, Montgomeryville, PA
Movers Specialty Service, Inc is a corporation located at 211 Commerce Dr in Montgomeryville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,860,400.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Movers Specialty Service, Inc in Montgomeryville, PA received a Paycheck Protection Loan of $2.86M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Movers Specialty Service, Inc's total 2019 payroll expenses were approximately $13.73M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $76,277 per employee1.
Business Information - Movers Specialty Service, Inc in Montgomeryville, PA
211 Commerce Dr
Montgomeryville, PA 18936
Packing and Crating (NAICS code 488991)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-01
Similar Companies near Montgomeryville
In the Montgomeryville area, 2 businesses in the "Packing and Crating" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 180) and received an average PPP loan of $1,528,218 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
Complete Packaging, Inc
Industry PPP Comparison Statistics
Nationwide, 746 businesses in the "Packing and Crating" industry received a total of $94,740,386.00 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 13 employees, 93% lower than Movers Specialty Service, Inc's reported 180 employees, and received an average PPP loan of $126,998, 96% lower than this company's loan of $2.86M.
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