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PPP Loan Data — Planes Moving & Storage, Inc.,
West Chester, Oh 45069, OH
Planes Moving & Storage, Inc.
Entity: Subchapter S Corporation
Industry: Used Household and Office Goods Moving
Location: West Chester, Oh 45069, OH
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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:
Jobs Retained:
499Loan Approved:
2020-04-28Lender:
THE HUNTINGTON NATIONAL BANKPlanes 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.
Business Information - Planes Moving & Storage, Inc. in West Chester, Oh 45069, OH
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-08Similar 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
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.
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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