PPP Loan Data — AFS Logistics, LLC, Shreveport, LA
AFS Logistics, LLC is a limited liability company (LLC) located at 670 Emberwood Dr. in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,937,000.00 in April, 2020.
$ PPP Loan Information
Lender:CROSS KEYS BANK
AFS Logistics, LLC received a Paycheck Protection Loan of $3.94M through CROSS KEYS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, AFS Logistics, LLC's total 2019 payroll expenses were approximately $18.9M in order to qualify for the PPP loan amount received.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $70,513 per employee1.
Business Information - AFS Logistics, LLC in Shreveport, LA
670 Emberwood Dr.
Shreveport, LA 71106
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-04
Similar Companies near Shreveport
In the Shreveport area, 8 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 268) and received an average PPP loan of $680,460 (compared to this company's $3.94M).
Similar Nearby Businesses Who Received PPP Funding:
AFS Global Freight Management, LLC
Brumley Transport Inc
Transportation Provider Services,Inc
AFS Global Technology Solutions, LLC
Rockefeller Logistics Enterprises LLC
JB American, LLC
Terry Marshall Jr
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 96% lower than AFS Logistics, LLC's reported 268 employees, and received an average PPP loan of $119,776, 97% lower than this company's loan of $3.94M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!