PPP Loan Data — Transaxle LLC, Cinnaminson, NJ
Entity: Limited Liability Company (LLC)
Location: Cinnaminson, NJTweet This • Search All PPP Data
Transaxle LLC is a limited liability company (LLC) located at 2501 Route 73 in Cinnaminson, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,583,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Transaxle LLC received a Paycheck Protection Loan of $3.58M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Transaxle LLC's total 2019 payroll expenses were approximately $17.2M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $61,435 per employee1.
Business Information - Transaxle LLC in Cinnaminson, NJ
2501 Route 73
Cinnaminson, NJ 8077
Motor Vehicle Supplies and New Parts Merchant Wholesalers (NAICS code 423120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-03
Industry PPP Comparison Statistics
Nationwide, 4,042 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $644,135,263.00 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 13 employees, 95% lower than Transaxle LLC's reported 280 employees, and received an average PPP loan of $159,361, 96% lower than this company's loan of $3.58M.
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