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PPP Loan Data — Watsontown Trucking Company,
Milton, 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:
Jobs Retained:
410Loan Approved:
2020-04-07Lender:
FIRST NATIONAL BANK OF PENNSYLVANIAWatsontown 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
Business Industry
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-12Similar 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
Milton, PA
KJE, LLC
Milton, PA
Muddy Run Transport Inc
Milton, PA
Baney Brothers, Inc.
Milton, PA
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.
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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