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PPP Loan Data — Auto Handling, LLC,
Kansas City, MO
Auto Handling, LLC
Entity: Limited Liability Company (LLC)
Industry: General Freight Trucking, Local
Location: Kansas City, MO
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Auto Handling, LLC is a limited liability company (LLC) located at 2345 Grand Blvd., Suite 2400 in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,851,500.00 in May, 2020.
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PPP Loan Information
Loan #8839427407
Loan Size:
Jobs Retained:
364Loan Approved:
2020-05-19Loan Status:
Paid in Full or ForgivenLender:
BMO Harris Bank National AssociationAuto Handling, LLC in Kansas City, MO received a Paycheck Protection Loan of $3.85M through BMO Harris 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 July, 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, Auto Handling, LLC's 2019 payroll expenses are estimated to be at least $18.49M.
Based on their reported 364 jobs retained, this equals an estimated average yearly compensation of $50,789 per employee1
Reported PPP Proceed Usage:
On the PPP application, Auto Handling, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,851,500
Business Information - Auto Handling, LLC in Kansas City, MO
2345 Grand Blvd., Suite 2400
Kansas City, MO 64108
Business Industry:
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 4 other businesses that received a PPP loan registered to the same address as Auto Handling, LLC.
Jack Cooper Rail & Shuttle, LLC
General Freight Trucking, Local
North American Auto Transportation, LLC
General Freight Trucking, Local
Jack Cooper Investments, Inc
Automobile and Other Motor Vehicle Merchant Wholesalers
Jack Cooper Transport Company, LLC
General Freight Trucking, Long-Distance, Truckload
Similar Companies near Kansas City
In the Kansas City area, 11 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 364) and received an average PPP loan of $543,954 (compared to this company's $3.85M).
Similar Nearby Businesses Who Received PPP Funding:
Jack Cooper Rail & Shuttle, LLC
Kansas City, MO
Superior Moving Service, Inc
Kansas City, MO
Banteyidagn Ashenafi
Kansas City, MO
North American Auto Transportation, LLC
Kansas City, MO
Kettely Myrtil
Kansas City, MO
Scot Heller Trucking Company, Inc
Kansas City, MO
Cedric Austin
Kansas City, MO
Charles Logistix LLC
Kansas City, MO
Industry PPP Comparison Statistics
Nationwide, 172,276 businesses in the "General Freight Trucking, Local" industry received a total of $6.51B in PPP loans. These businesses account for 2% 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, 99% lower than Auto Handling, LLC's reported 364 employees, and received an average PPP loan of $37,801, 99% lower than this company's loan of $3.85M.
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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