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PPP Loan Data — Crown Forwarding, Inc,
Huntington Beach, CA
Crown Forwarding, Inc
Entity: Corporation
Industry: Freight Transportation Arrangement
Location: Huntington Beach, CA
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Crown Forwarding, Inc is a corporation located at 5252 Argosy Dr in Huntington Beach, California that received a Coronavirus-related PPP loan from the SBA of $2,652,807.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
151Loan Approved:
2020-04-30Lender:
BANK OF THE WESTCrown Forwarding, Inc received a Paycheck Protection Loan of $2.65M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Crown Forwarding, Inc's total 2019 payroll expenses were approximately $12.73M in order to qualify for the PPP loan amount received.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $84,328 per employee1.
Business Information - Crown Forwarding, Inc in Huntington Beach, CA
5252 Argosy Dr
Huntington Beach, CA 92649
Business Industry
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-48Similar Companies near Huntington Beach
In the Huntington Beach area, 7 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 151) and received an average PPP loan of $634,959 (compared to this company's $2.65M).
Similar Nearby Businesses Who Received PPP Funding:
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Wind Energy Transport, LLC
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Line Drive Texas, Inc.
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Straight Line Transport Inc
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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, 93% lower than Crown Forwarding, Inc's reported 151 employees, and received an average PPP loan of $119,776, 95% lower than this company's loan of $2.65M.
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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