PPP Loan Data — Valley Tire Co., Inc., Charleroi, PA
Valley Tire Co., Inc. is a corporation located at 1002 Arentzen Blvd in Charleroi, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,861,470.00 in April, 2020.
$ PPP Loan Information
Lender:S & T BANK
Valley Tire Co., Inc. in Charleroi, PA received a Paycheck Protection Loan of $2.86M through S & T BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Valley Tire Co., Inc.'s total 2019 payroll expenses were approximately $13.74M in order to qualify for the PPP loan amount received.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $56,992 per employee1.
Business Information - Valley Tire Co., Inc. in Charleroi, PA
1002 Arentzen Blvd
Charleroi, PA 15022
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-14
Industry PPP Comparison Statistics
Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 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 11 employees, 95% lower than Valley Tire Co., Inc.'s reported 241 employees, and received an average PPP loan of $113,157, 96% lower than this company's loan of $2.86M.
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Footnotes & Information
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