PPP Loan Data — Sheppard Bus Service, Inc., Millville, NJ
Sheppard Bus Service, Inc. is a corporation located at 300 M Street in Millville, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,383,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Sheppard Bus Service, Inc. received a Paycheck Protection Loan of $3.38M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sheppard Bus Service, Inc.'s total 2019 payroll expenses were approximately $16.24M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $32,483 per employee1.
Business Information - Sheppard Bus Service, Inc. in Millville, NJ
300 M Street
Millville, NJ 8332
Interurban and Rural Bus Transportation (NAICS code 485210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-02
Industry PPP Comparison Statistics
Nationwide, 177 businesses in the "Interurban and Rural Bus Transportation" industry received a total of $46,814,962.00 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 29 employees, 94% lower than Sheppard Bus Service, Inc.'s reported 500 employees, and received an average PPP loan of $264,491, 92% lower than this company's loan of $3.38M.
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Footnotes & Information
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