FederalPay.org
PPP Loan Data — Movers Specialty Service, Inc,
Montgomeryville, PA
Movers Specialty Service, Inc
Entity: Corporation
Industry: Packing and Crating
Location: Montgomeryville, PA
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
180Loan Approved:
2020-04-05Lender:
PNC BANK, NATIONAL ASSOCIATIONMovers 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
Business Industry
Packing and Crating (NAICS code 488991)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-01Similar 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
Montgomeryville, PA
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!