PPP Loan Data — Capurro Trucking, Sparks, NV
Capurro Trucking is a corporation located at 955 Deming Way in Sparks, Nevada that received a Coronavirus-related PPP loan from the SBA of $1,787,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 126 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Western Alliance Bank
Capurro Trucking in Sparks, NV received a Paycheck Protection Loan of $1.79M through Western Alliance Bank, which was approved in April, 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 May, 2021.
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, Capurro Trucking's 2019 payroll expenses are estimated to be at least $8.58M.
Based on their reported 126 jobs retained, this equals an estimated average yearly compensation of $68,095 per employee1
Reported PPP Proceed Usage:
On the PPP application, Capurro Trucking reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,787,500
Business Information - Capurro Trucking in Sparks, NV
955 Deming Way
Sparks, NV 89431
General Freight Trucking, Local
NAICS code 484110
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: Y
Rural / Urban: Urban
Similar Companies near Sparks
In the Sparks area, 12 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 126) and received an average PPP loan of $406,300 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
K & B Transportation LLC
Larios Trucking Inc
REY And Rey Foods Inc
HES Logistics Inc
KM Transportation Group, Inc
Destin Transportation LTD
Sierra Rental And Transport Company Inc
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, 97% lower than Capurro Trucking's reported 126 employees, and received an average PPP loan of $37,520, 98% lower than this company's loan of $1.79M.
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Footnotes & Information
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