PPP Loan Data — BEK Trans Group Inc, Carpentersville, IL
BEK Trans Group Inc
Location: Carpentersville, ILTweet This • Search All PPP Data
BEK Trans Group Inc is a corporation located at 180 S Western Ave #181 in Carpentersville, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,001,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 124 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
BEK Trans Group Inc in Carpentersville, IL received a Paycheck Protection Loan of $2M through The Huntington National Bank, which was approved in April, 2020.
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
Understanding Payroll Estimates Based On PPP Amount
Based 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, BEK Trans Group Inc's 2019 payroll expenses are estimated to be at least $9.61M.
Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $77,481 per employee1
Reported PPP Proceed Usage:
On the PPP application, BEK Trans Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,001,600
Business Information - BEK Trans Group Inc in Carpentersville, IL
180 S Western Ave #181
Carpentersville, IL 60110
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Carpentersville
In the Carpentersville area, 11 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 124) and received an average PPP loan of $196,599 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Pava Logistics Inc
RM Express, Inc
Wave Express Inc
James H. Hill Enterprises Inc
Rio Express Lines Inc
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 98% lower than BEK Trans Group Inc's reported 124 employees, and received an average PPP loan of $39,939, 98% lower than this company's loan of $2M.
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