PPP Loan Data — Turf And Trail Equipment, Mifflinburg, PA
Turf And Trail Equipment
Entity: Sole Proprietorship
Location: Mifflinburg, PATweet This • Search All PPP Data
Turf And Trail Equipment is a sole proprietorship located at 11435 Old Turnpike Road in Mifflinburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Susquehanna Community Bank
Turf And Trail Equipment in Mifflinburg, PA received a Paycheck Protection Loan of $25,500 through Susquehanna Community Bank, 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, Turf And Trail Equipment's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Turf And Trail Equipment reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Turf And Trail Equipment in Mifflinburg, PA
11435 Old Turnpike Road
Mifflinburg, PA 17844
Motorcycle, ATV, and All Other Motor Vehicle Dealers
NAICS code 441228
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 7,566 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $1.08B 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 14 employees, 180% higher than Turf And Trail Equipment's reported 5 employees, and received an average PPP loan of $142,979, 461% higher than this company's loan of $25,500.
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Footnotes & Information
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