PPP Loan Data — Watsontown Trucking Company, Milton, PA
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
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.
Business Information - Watsontown Trucking Company in Milton, PA
60 Belford Blvd
Milton, PA 17847
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Northern Tier Transportation LLC
Muddy Run Transport Inc
Baney Brothers, Inc.
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.
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Footnotes & Information
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