PPP Loan Data — S&H Express Inc, York, PA
S&H Express Inc is a subchapter s corporation located at 728 North Broad Street in York, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,772,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
S&H Express Inc in York, PA received a Paycheck Protection Loan of $2.77M through First National Bank of Pennsylvania, which was approved in April, 2020.
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, S&H Express Inc's 2019 payroll expenses are estimated to be at least $13.31M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $60,482 per employee1
Reported PPP Proceed Usage:
On the PPP application, S&H Express Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,772,100
Business Information - S&H Express Inc in York, PA
728 North Broad Street
York, PA 17403
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near York
In the York area, 15 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 220) and received an average PPP loan of $360,379 (compared to this company's $2.77M).
Similar Nearby Businesses Who Received PPP Funding:
Holy Spirit Trucking LLC
D. E. Hartman Trucking Inc
Juaquin Mendoza Santana
Landis Express LLC
S&H Transport, Inc
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than S&H Express Inc's reported 220 employees, and received an average PPP loan of $37,520, 99% lower than this company's loan of $2.77M.
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Footnotes & Information
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