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PPP Loan Data — Watsontown Trucking Company, Milton, PA

SBA PPP loan data, payroll data, and salaries for Watsontown Trucking Company
PA

Watsontown Trucking Company

Entity: Subchapter S Corporation

Industry: General Freight Trucking, Local

Location: Milton, PA

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Watsontown Trucking Company is a subchapter s corporation located at 60 Belford Blvd in Milton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $6,023,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.02M

Jobs Retained:

410

Loan Approved:

2020-04-07

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

Watsontown Trucking Company received a Paycheck Protection Loan of $6.02M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Watsontown Trucking Company's total 2019 payroll expenses were approximately $28.91M in order to qualify for the PPP loan amount received.

Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $70,523 per employee1.

Because the loan received by Watsontown Trucking Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Watsontown Trucking Company in Milton, PA

Watsontown Trucking Company
60 Belford Blvd
Milton, PA 17847

Business Industry

General Freight Trucking, Local (NAICS code 484110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-12

Similar Companies near Milton

In the Milton area, 5 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 410) and received an average PPP loan of $1,300,123 (compared to this company's $6.02M).

Industry PPP Comparison Statistics

Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than Watsontown Trucking Company's reported 410 employees, and received an average PPP loan of $60,879, 99% lower than this company's loan of $6.02M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/watsontown-trucking-company-milton-pa