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PPP Loan Data — California Sierra Express Inc, Reno, NV

SBA PPP loan data, payroll data, and salaries for California Sierra Express Inc
NV

California Sierra Express Inc

Entity: Corporation

Industry: Freight Transportation Arrangement

Location: Reno, NV

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California Sierra Express Inc is a corporation located at 4965 Joule St in Reno, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,604,400.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 240 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.6M

Jobs Retained:

240

Loan Approved:

2020-04-28

Lender:

UMPQUA BANK

California Sierra Express Inc in Reno, NV received a Paycheck Protection Loan of $2.6M through UMPQUA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, California Sierra Express Inc's total 2019 payroll expenses were approximately $12.5M in order to qualify for the PPP loan amount received.

Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $52,088 per employee1.

Because the loan received by California Sierra Express Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - California Sierra Express Inc in Reno, NV

California Sierra Express Inc
4965 Joule St
Reno, NV 89502

Business Industry

Freight Transportation Arrangement (NAICS code 488510)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: NV-02

Industry PPP Comparison Statistics

Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 96% lower than California Sierra Express Inc's reported 240 employees, and received an average PPP loan of $119,776, 95% lower than this company's loan of $2.6M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/california-sierra-express-inc-reno-nv