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PPP Loan Data — Admc Trucking Inc,
Louisville, KY
Admc Trucking Inc
Entity: Corporation
Industry: General Freight Trucking, Local
Location: Louisville, KY
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Admc Trucking Inc is a corporation located at 3822 Cane Run Rd in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $53,975.00 in March, 2021.
The company has reported itself as a Black or african american male owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #8320708506
Loan Size:
Jobs Retained:
6Loan Approved:
2021-03-09Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationAdmc Trucking Inc in Louisville, KY received a Paycheck Protection Loan of $53,975 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Admc Trucking Inc's 2019 payroll expenses are estimated to be at least $259,080.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $43,180 per employee1
Reported PPP Proceed Usage:
On the PPP application, Admc Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $53,971
- Utilities: $1
Business Information - Admc Trucking Inc in Louisville, KY
3822 Cane Run Rd
Louisville, KY 40211
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Black or African American
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 7 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 6) and received an average PPP loan of $235,846 (compared to this company's $53,975).
Similar Nearby Businesses Who Received PPP Funding:
Brooklynn Kyles
Louisville, KY
Bulk First LLC
Louisville, KY
Tywan Pope
Louisville, KY
Ryan Transportation, Inc
Louisville, KY
Larrys Movers Inc
Louisville, KY
Main Line Xpress
Louisville, KY
Industry PPP Comparison Statistics
Nationwide, 123,651 businesses in the "General Freight Trucking, Local" industry received a total of $5.61B 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 4 employees, 33% lower than Admc Trucking Inc's reported 6 employees, and received an average PPP loan of $45,351, 16% lower than this company's loan of $53,975.
Admc Trucking Inc
Entity: Corporation
Industry: General Freight Trucking, Local
Location: Louisville, KY
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Admc Trucking Inc is a corporation located at 6418 Cottagemeadow Drive in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $53,975.00 in May, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #2555877708
Loan Size:
Jobs Retained:
5Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationAdmc Trucking Inc in Louisville, KY received a Paycheck Protection Loan of $53,975 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Admc Trucking Inc's 2019 payroll expenses are estimated to be at least $259,080.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $51,816 per employee1
Reported PPP Proceed Usage:
On the PPP application, Admc Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,151
- Utilities: $5,000
- Mortgage Interest: $2,067
- Rent: $6,000
- Health Care: $757
Business Information - Admc Trucking Inc in Louisville, KY
6418 Cottagemeadow Drive
Louisville, KY 40218
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Black or African American
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 43 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 5) and received an average PPP loan of $193,609 (compared to this company's $53,975).
Similar Nearby Businesses Who Received PPP Funding:
HEB Logistics, Inc
Loisville, KY
Kentucky Gt LLC
Louisville, KY
Hussein Abdulkadir
Louisville, KY
Ariel Gonzalez Padron
Louisville, KY
Global Couriers Inc
Louisville, KY
PBS Transport, LLC
Louisville, KY
Aguilar Trucking LLC
Louisville, KY
Cardinal Express, LLC
Louisville, KY
DKG Enterprises Inc
Louisville, KY
Industry PPP Comparison Statistics
Nationwide, 123,651 businesses in the "General Freight Trucking, Local" industry received a total of $5.61B 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 4 employees, 20% lower than Admc Trucking Inc's reported 5 employees, and received an average PPP loan of $45,351, 16% lower than this company's loan of $53,975.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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