PPP Loan Data — Sioux City Truck Sales Inc, Sioux City, IA
Sioux City Truck Sales Inc
Entity: Subchapter S Corporation
Location: Sioux City, IATweet This • Search All PPP Data
Sioux City Truck Sales Inc is a subchapter s corporation located at 2601 Voyager Ave in Sioux City, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,213,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 316 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE SECURITY NATIONAL BANK OF SIOUX CITY, IOWA
Sioux City Truck Sales Inc received a Paycheck Protection Loan of $4.21M through THE SECURITY NATIONAL BANK OF SIOUX CITY, IOWA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sioux City Truck Sales Inc's total 2019 payroll expenses were approximately $20.22M in order to qualify for the PPP loan amount received.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $63,995 per employee1.
Business Information - Sioux City Truck Sales Inc in Sioux City, IA
2601 Voyager Ave
Sioux City, IA 51111
Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IA-04
Industry PPP Comparison Statistics
Nationwide, 4,037 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $746,857,572.00 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 15 employees, 95% lower than Sioux City Truck Sales Inc's reported 316 employees, and received an average PPP loan of $185,003, 96% lower than this company's loan of $4.21M.
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