PPP Loan Data — USA Technologies, Inc, Malvern, PA
USA Technologies, Inc is a corporation located at 100 Deerfeild Ln. in Malvern, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,065,235.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 155 people during the applicable loan loan period.
$ PPP Loan Information
Lender:VALLEY NATIONAL BANK
USA Technologies, Inc in Malvern, PA received a Paycheck Protection Loan of $3.07M through VALLEY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, USA Technologies, Inc's total 2019 payroll expenses were approximately $14.71M in order to qualify for the PPP loan amount received.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $94,923 per employee1.
Business Information - USA Technologies, Inc in Malvern, PA
100 Deerfeild Ln.
Malvern, PA 19355
Vending Machine Operators (NAICS code 454210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: PA-06
Industry PPP Comparison Statistics
Nationwide, 2,249 businesses in the "Vending Machine Operators" industry received a total of $168,286,273.00 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 8 employees, 95% lower than USA Technologies, Inc's reported 155 employees, and received an average PPP loan of $74,827, 98% lower than this company's loan of $3.07M.
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Footnotes & Information
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