PPP Loan Data — Steel Town Rentals LLC, Trafford, PA
Steel Town Rentals LLC
Entity: Limited Liability Company (LLC)
Location: Trafford, PATweet This • Search All PPP Data
Steel Town Rentals LLC is a limited liability company (LLC) located at 422 Cavitt Ave in Trafford, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Steel Town Rentals LLC in Trafford, PA received a Paycheck Protection Loan of $25,200 through PNC Bank, National Association, which was approved in May, 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, Steel Town Rentals LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, Steel Town Rentals LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Steel Town Rentals LLC in Trafford, PA
422 Cavitt Ave
Trafford, PA 15085
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
NAICS code 532490
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,022 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $1.01B 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 12 employees, 140% higher than Steel Town Rentals LLC's reported 5 employees, and received an average PPP loan of $143,576, 470% higher than this company's loan of $25,200.
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Footnotes & Information
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