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PPP Loan Data — Air Cargo Carriers LLC, Milwaukee, WI

SBA PPP loan data, payroll data, and salaries for Air Cargo Carriers LLC
WI

Air Cargo Carriers LLC

Entity: Limited Liability Company (LLC)

Industry: Scheduled Freight Air Transportation

Location: Milwaukee, WI

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Air Cargo Carriers LLC is a limited liability company (LLC) located at 4940 South Howell Ave in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,457,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.46M

Jobs Retained:

219

Loan Approved:

2020-04-15

Lender:

1ST SOURCE BANK

Air Cargo Carriers LLC received a Paycheck Protection Loan of $2.46M through 1ST SOURCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Air Cargo Carriers LLC's total 2019 payroll expenses were approximately $11.8M in order to qualify for the PPP loan amount received.

Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $53,867 per employee1.

Because the loan received by Air Cargo Carriers LLC 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 - Air Cargo Carriers LLC in Milwaukee, WI

Air Cargo Carriers LLC
4940 South Howell Ave
Milwaukee, WI 53207

Business Industry

Scheduled Freight Air Transportation (NAICS code 481112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-04

Industry PPP Comparison Statistics

Nationwide, 355 businesses in the "Scheduled Freight Air Transportation" industry received a total of $59,165,547.00 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 13 employees, 94% lower than Air Cargo Carriers LLC's reported 219 employees, and received an average PPP loan of $166,664, 93% lower than this company's loan of $2.46M.

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/air-cargo-carriers-llc-milwaukee-wi