FederalPay.org
PPP Loan Data — C A R Transport Inc,
Burleson, TX
C A R Transport Inc
Entity: Corporation
Industry: Specialized Freight (except Used Goods) Trucking, Local
Location: Burleson, TX
Tweet This
•
Search All PPP Data
C A R Transport Inc is a corporation located at 1475 Burleson Blvd in Burleson, Texas that received a Coronavirus-related PPP loan from the SBA of $4,222,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
230Loan Approved:
2020-04-13Lender:
PLAINSCAPITAL BANKC A R Transport Inc in Burleson, TX received a Paycheck Protection Loan of $4.22M through PLAINSCAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, C A R Transport Inc's total 2019 payroll expenses were approximately $20.27M in order to qualify for the PPP loan amount received.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $88,120 per employee1.
Business Information - C A R Transport Inc in Burleson, TX
1475 Burleson Blvd
Burleson, TX 76028
Business Industry
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-25Similar Companies near Burleson
In the Burleson area, 4 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 230) and received an average PPP loan of $1,075,529 (compared to this company's $4.22M).
Similar Nearby Businesses Who Received PPP Funding:
Scott Michael Parpan
Burleson, TX
CDC Transport LLC
Burleson, TX
Classic Transport LLC
Burleson, TX
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 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 7 employees, 97% lower than C A R Transport Inc's reported 230 employees, and received an average PPP loan of $85,295, 98% lower than this company's loan of $4.22M.
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, 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!