PPP Loan Data — Star Truck Rentals, Inc., Wyoming, MI
Star Truck Rentals, Inc.
Location: Wyoming, MITweet This • Search All PPP Data
Star Truck Rentals, Inc. is a corporation located at 3940 Eastern Ave in Wyoming, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,646,740.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Star Truck Rentals, Inc. received a Paycheck Protection Loan of $3.65M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Star Truck Rentals, Inc.'s total 2019 payroll expenses were approximately $17.5M in order to qualify for the PPP loan amount received.
Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $61,635 per employee1.
Business Information - Star Truck Rentals, Inc. in Wyoming, MI
3940 Eastern Ave
Wyoming, MI 49508
Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (NAICS code 532120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-02
Industry PPP Comparison Statistics
Nationwide, 1,428 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $223,290,538.00 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 12 employees, 96% lower than Star Truck Rentals, Inc.'s reported 284 employees, and received an average PPP loan of $156,366, 96% lower than this company's loan of $3.65M.
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Footnotes & Information
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