PPP Loan Data — Petes Tire Barns Inc., Orange, MA
Petes Tire Barns Inc. is a corporation located at 275 E Main St in Orange, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,195,370.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Petes Tire Barns Inc. received a Paycheck Protection Loan of $3.2M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Petes Tire Barns Inc.'s total 2019 payroll expenses were approximately $15.34M in order to qualify for the PPP loan amount received.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $58,319 per employee1.
Business Information - Petes Tire Barns Inc. in Orange, MA
275 E Main St
Orange, MA 1364
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-02
Industry PPP Comparison Statistics
Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 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 11 employees, 96% lower than Petes Tire Barns Inc.'s reported 263 employees, and received an average PPP loan of $113,157, 96% lower than this company's loan of $3.2M.
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Footnotes & Information
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