PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Planes Moving & Storage, Inc., West Chester, Oh 45069, OH

SBA PPP loan data, payroll data, and salaries for Planes Moving & Storage, Inc.
OH

Planes Moving & Storage, Inc.

Entity: Subchapter S Corporation

Industry: Used Household and Office Goods Moving

Location: West Chester, Oh 45069, OH

Search All PPP Data

Planes Moving & Storage, Inc. is a subchapter s corporation located at 9823 Cincinnati-dayton Rd in West Chester, Oh 45069, Ohio that received a Coronavirus-related PPP loan from the SBA of $6,192,452.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 499 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.19M

Jobs Retained:

499

Loan Approved:

2020-04-28

Lender:

THE HUNTINGTON NATIONAL BANK

Planes Moving & Storage, Inc. received a Paycheck Protection Loan of $6.19M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Planes Moving & Storage, Inc.'s total 2019 payroll expenses were approximately $29.72M in order to qualify for the PPP loan amount received.

Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $59,567 per employee1.

Because the loan received by Planes Moving & Storage, Inc. 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 - Planes Moving & Storage, Inc. in West Chester, Oh 45069, OH

Planes Moving & Storage, Inc.
9823 Cincinnati-dayton Rd
West Chester, Oh 45069, OH 45069

Business Industry

Used Household and Office Goods Moving (NAICS code 484210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OH-08

Similar Companies near West Chester, Oh 45069

In the West Chester, Oh 45069 area, 2 businesses in the "Used Household and Office Goods Moving" industry received a PPP loan. These local businesses reported an average of 256 employees (compared to this company's 499) and received an average PPP loan of $3,156,672 (compared to this company's $6.19M).

Similar Nearby Businesses Who Received PPP Funding:

Shetler Moving & Storage Of Ohio, Inc.
West Chester, OH

$120,892 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Used Household and Office Goods Moving" industry received a total of $552,575,618.00 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 14 employees, 97% lower than Planes Moving & Storage, Inc.'s reported 499 employees, and received an average PPP loan of $137,594, 98% lower than this company's loan of $6.19M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/planes-moving-and-storage-inc-west-chester-oh-45069-oh