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PPP Loan Data — Shrader Tire & Oil Inc,
Toledo, OH
Shrader Tire & Oil Inc
Entity: Subchapter S Corporation
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Toledo, OH
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Shrader Tire & Oil Inc is a subchapter s corporation located at 2045 W Sylvania Ave in Toledo, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,704,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
204Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONShrader Tire & Oil Inc in Toledo, OH received a Paycheck Protection Loan of $2.7M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shrader Tire & Oil Inc's total 2019 payroll expenses were approximately $12.98M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $63,645 per employee1.
Business Information - Shrader Tire & Oil Inc in Toledo, OH
2045 W Sylvania Ave
Toledo, OH 43613
Business Industry
Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (NAICS code 424720)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-05Industry PPP Comparison Statistics
Nationwide, 2,382 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $553,390,948.00 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 18 employees, 91% lower than Shrader Tire & Oil Inc's reported 204 employees, and received an average PPP loan of $232,322, 91% lower than this company's loan of $2.7M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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.
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