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PPP Loan Data — Clearfreight Inc.,
El Segundo, CA
Clearfreight Inc.
Entity: Corporation
Industry: Freight Transportation Arrangement
Location: El Segundo, CA
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Clearfreight Inc. is a corporation located at 1960 E. Grand Avenue, Suite 700 in El Segundo, California that received a Coronavirus-related PPP loan from the SBA of $2,701,305.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
162Loan Approved:
2020-04-30Lender:
BANK OF THE WESTClearfreight Inc. received a Paycheck Protection Loan of $2.7M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Clearfreight Inc.'s total 2019 payroll expenses were approximately $12.97M in order to qualify for the PPP loan amount received.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $80,039 per employee1.
Business Information - Clearfreight Inc. in El Segundo, CA
1960 E. Grand Avenue, Suite 700
El Segundo, CA 90245
Business Industry
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-33Similar Companies near El Segundo
In the El Segundo area, 16 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 162) and received an average PPP loan of $678,986 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Schaefer Trans. Inc.
El Segundo, CA
Ken Hamanaka Co., Inc.
El Segundo, CA
Gramter International (USA) Co, LTD
El Segundo, CA
Empire Worldwide Logistics LLC
El Segundo, CA
Gary Kramer Enterprises, Inc.
El Segundo, CA
Morrison Express Corporation (USA)
El Segundo, CA
Scanwell Logistics Lax Inc
El Segundo, CA
Transcon Shipping Co., Inc.
El Segundo, CA
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, 94% lower than Clearfreight Inc.'s reported 162 employees, and received an average PPP loan of $119,776, 96% lower than this company's loan of $2.7M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.
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