PPP Loan Data — C K Trucking Corp, Elizabeth, NJ
C K Trucking Corp is a corporation located at 633 Devine Ave in Elizabeth, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
C K Trucking Corp in Elizabeth, NJ received a Paycheck Protection Loan of $25,000 through TD Bank, National Association, which was approved in May, 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, C K Trucking Corp's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $10,909 per employee1
Reported PPP Proceed Usage:
On the PPP application, C K Trucking Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - C K Trucking Corp in Elizabeth, NJ
633 Devine Ave
Elizabeth, NJ 7202
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Elizabeth
In the Elizabeth area, 237 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 11) and received an average PPP loan of $42,305 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Hugueone Transportion LLC
Miguel Angel Araujo
Sevenstars Shipping And Logistics Services LLC
Jose N Valle
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% 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, 64% lower than C K Trucking Corp's reported 11 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
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Footnotes & Information
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