PPP Loan Data — Precision Terminal Logistics LLC, Sewickley, PA
Precision Terminal Logistics LLC is a limited liability company (LLC) located at 2605 Nicholson Rd in Sewickley, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,091,990.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:AmeriServ Financial Bank
Precision Terminal Logistics LLC in Sewickley, PA received a Paycheck Protection Loan of $3.09M through AmeriServ Financial Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Precision Terminal Logistics LLC's 2019 payroll expenses are estimated to be at least $14.84M.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $59,605 per employee1
Reported PPP Proceed Usage:
On the PPP application, Precision Terminal Logistics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,091,990
Business Information - Precision Terminal Logistics LLC in Sewickley, PA
2605 Nicholson Rd
Sewickley, PA 15143
Support Activities for Rail Transportation
NAICS code 488210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 7 other businesses that received a PPP loan registered to the same address as Precision Terminal Logistics LLC.
Insight Global Wealth Strategies LLC
Administrative Management and General Management Consulting Services
Benchmark Financial Advisors LLC
Tranquility Massage Therapy & Esthet
Other Personal Care Services
Commodity Contracts Dealing
Next Level Spine And Sports Injury Center, LLC
Offices of Chiropractors
Anna Wooten MD PC
Offices of Physicians (except Mental Health Specialists)
Cafardi Ferguson Wyrick Weis & Gabriel LLC
Offices of Lawyers
Industry PPP Comparison Statistics
Nationwide, 1,798 businesses in the "Support Activities for Rail Transportation" industry received a total of $209.53M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 94% lower than Precision Terminal Logistics LLC's reported 249 employees, and received an average PPP loan of $116,537, 96% lower than this company's loan of $3.09M.
FederalPay's PPP Information Policy
Footnotes & Information
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