PPP Loan Data — Air Cargo Carriers LLC, Milwaukee, WI
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
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.
Business Information - Air Cargo Carriers LLC in Milwaukee, WI
4940 South Howell Ave
Milwaukee, WI 53207
Scheduled Freight Air Transportation (NAICS code 481112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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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