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PPP Loan Data — Climate Express, Inc., Union, MO

SBA PPP loan data, payroll data, and salaries for Climate Express, Inc.
MO

Climate Express, Inc.

Entity: Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Union, MO

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Climate Express, Inc. is a corporation located at 12 Progress Parkway in Union, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,447,500.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 230 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.45M

Jobs Retained:

230

Loan Approved:

2020-04-06

Lender:

MIDWEST BANKCENTRE

Climate Express, Inc. in Union, MO received a Paycheck Protection Loan of $2.45M through MIDWEST BANKCENTRE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Climate Express, Inc.'s total 2019 payroll expenses were approximately $11.75M 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 $51,078 per employee1.

Because the loan received by Climate 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 - Climate Express, Inc. in Union, MO

Climate Express, Inc.
12 Progress Parkway
Union, MO 63084

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MO-03

Similar Companies near Union

In the Union area, 5 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 230) and received an average PPP loan of $568,726 (compared to this company's $2.45M).

Industry PPP Comparison Statistics

Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 97% lower than Climate Express, Inc.'s reported 230 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.45M.

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.

Search FederalPay's Full PPP Loan Database

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/climate-express-inc-union-mo