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PPP Loan Data — Control Towers International Inc,
Doral, FL
Control Towers International Inc
Entity: Corporation
Industry: Specialized Freight (except Used Goods) Trucking, Local
Location: Doral, FL
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Control Towers International Inc is a corporation located at 3331 Nw 82nd Ave in Doral, Florida that received a Coronavirus-related PPP loan from the SBA of $122,094.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least ten people during the applicable loan loan period.
$
PPP Loan Information
Loan #4764948304
Loan Size:
Jobs Retained:
10Loan Approved:
2021-01-23Loan Status:
Ongoing LoanLender:
Banesco USAControl Towers International Inc in Doral, FL received a Paycheck Protection Loan of $122,094 through Banesco USA, which was approved in January, 2021.
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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Control Towers International Inc's 2019 payroll expenses are estimated to be at least $586,051.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $58,605 per employee1
Reported PPP Proceed Usage:
On the PPP application, Control Towers International Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $122,093
Business Information - Control Towers International Inc in Doral, FL
3331 Nw 82nd Ave
Doral, FL 33122
Business Industry:
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Doral
In the Doral area, 9 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 10) and received an average PPP loan of $218,671 (compared to this company's $122,094).
Similar Nearby Businesses Who Received PPP Funding:
Florida Cool Express, LLC
Doral, FL
Hemisphere Cargo, Corp
Miami, FL
Florida Beauty Flora, Inc
Miami, FL
Floral Logistics Of California, Inc
Miami, FL
TE Llevo S Corp
Sunrise, FL
Floral Logistics Of Miami, Inc
Miami, FL
Line Cargo Intermodal Trucking Co
Doral, FL
Industry PPP Comparison Statistics
Nationwide, 30,243 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.02B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 40% lower than Control Towers International Inc's reported 10 employees, and received an average PPP loan of $66,765, 45% lower than this company's loan of $122,094.
Control Towers International, Inc
Entity: Corporation
Industry: Process, Physical Distribution, and Logistics Consulting Services
Location: Doral, FL
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Control Towers International, Inc is a corporation located at 3331 Nw 82 Ave in Doral, Florida that received a Coronavirus-related PPP loan from the SBA of $125,421.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least fourteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #9065547103
Loan Size:
Jobs Retained:
14Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Banesco USAControl Towers International, Inc in Doral, FL received a Paycheck Protection Loan of $125,421 through Banesco USA, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Control Towers International, Inc's 2019 payroll expenses are estimated to be at least $602,021.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $43,002 per employee1
Reported PPP Proceed Usage:
On the PPP application, Control Towers International, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $94,066
- Mortgage Interest: $31,355
Business Information - Control Towers International, Inc in Doral, FL
3331 Nw 82 Ave
Doral, FL 33122
Business Industry:
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Doral
In the Doral area, 22 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 14) and received an average PPP loan of $45,616 (compared to this company's $125,421).
Similar Nearby Businesses Who Received PPP Funding:
Miami Computer Distributorsinc
Doral, FL
Districargo Inc
Miami, FL
International Logistical Solutions, Inc
Doral, FL
Hot Express Inc
Doral, FL
Genesis Procurement Solutions Corp
Miami, FL
Gustavo Hernandez
Miami, FL
Econexpress Cargo Corp
Miami, FL
Trade Logistics Corp
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 10,180 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $912.74M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 43% lower than Control Towers International, Inc's reported 14 employees, and received an average PPP loan of $89,660, 29% lower than this company's loan of $125,421.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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