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, OHTweet This • Search All PPP Data
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
Lender:PNC BANK, NATIONAL ASSOCIATION
Shrader 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 Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-05
Industry 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.
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Footnotes & Information
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