PPP Loan Data — South Hills Movers Inc, Bethel Park, PA
South Hills Movers Inc is a subchapter s corporation located at 3132 Industrial Blvd in Bethel Park, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,533,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
South Hills Movers Inc in Bethel Park, PA received a Paycheck Protection Loan of $1.53M through PNC Bank, National Association, 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, South Hills Movers Inc's 2019 payroll expenses are estimated to be at least $7.36M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $64,024 per employee1
Reported PPP Proceed Usage:
On the PPP application, South Hills Movers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,533,900
Business Information - South Hills Movers Inc in Bethel Park, PA
3132 Industrial Blvd
Bethel Park, PA 15102
Used Household and Office Goods Moving
NAICS code 484210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bethel Park
In the Bethel Park area, 2 businesses in the "Used Household and Office Goods Moving" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 115) and received an average PPP loan of $825,672 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
BLL Charles, Inc
Allison Park, PA
Industry PPP Comparison Statistics
Nationwide, 11,089 businesses in the "Used Household and Office Goods Moving" industry received a total of $902.36M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 91% lower than South Hills Movers Inc's reported 115 employees, and received an average PPP loan of $81,374, 95% lower than this company's loan of $1.53M.
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Footnotes & Information
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