PPP Loan Data — Rupperts Trucking Service, Inc, York, PA
Rupperts Trucking Service, Inc is a corporation located at 865 Locust Point Road in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PeoplesBank, A Codorus Valley Company
Rupperts Trucking Service, Inc in York, PA received a Paycheck Protection Loan of $45,800 through PeoplesBank, A Codorus Valley Company, 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 February, 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, Rupperts Trucking Service, Inc's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,968 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rupperts Trucking Service, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,817
- Utilities: $3,992
- Rent: $3,991
Business Information - Rupperts Trucking Service, Inc in York, PA
865 Locust Point Road
York, PA 17406
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near York
In the York area, 9 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $20,545 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Brian Kurilla DBA Brian's Auto Center
Zirkles Garage LLC
Stan's III Service Center LLC
Jan's Auto Service LLC
The Rod's Shop Inc
G A Beyer Custom Shop, Inc
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, the same amount reported by Rupperts Trucking Service, Inc and received an average PPP loan of $41,461, 9% lower than this company's loan of $45,800.
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Footnotes & Information
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