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

PPP Loan Data — PSI Tire Supply, LLC, Christiansted, VI

SBA PPP loan data, payroll data, and salaries for PSI Tire Supply, LLC

PSI Tire Supply, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Building Equipment Contractors

Location: Christiansted, VI

Search All PPP Data

PSI Tire Supply, LLC is a limited liability company (LLC) located at 9010 Estate Cottage, Suite 2 in Christiansted, that received a Coronavirus-related PPP loan from the SBA of $6,699,200.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 493 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6011217110

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Greater Nevada CU

PSI Tire Supply, LLC in Christiansted, VI received a Paycheck Protection Loan of $6.7M through Greater Nevada CU, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, PSI Tire Supply, LLC's 2019 payroll expenses are estimated to be at least $32.16M.

Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $65,225 per employee1

Reported PPP Proceed Usage:

On the PPP application, PSI Tire Supply, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,699,200
Because the loan received by PSI Tire Supply, LLC 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 - PSI Tire Supply, LLC in Christiansted, VI

PSI Tire Supply, LLC
9010 Estate Cottage, Suite 2
Christiansted, VI 820

Business Industry:
Other Building Equipment Contractors
NAICS code 238290

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Saint Croix County, VI — SBA Office 0252 — Congressional District: VI-

Industry PPP Comparison Statistics

Nationwide, 8,645 businesses in the "Other Building Equipment Contractors" industry received a total of $1.24B 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 11 employees, 98% lower than PSI Tire Supply, LLC's reported 493 employees, and received an average PPP loan of $143,269, 98% lower than this company's loan of $6.7M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **