PPP Loan Data — CTS Trucking LLC, Tampa, FL
CTS Trucking LLC
Entity: Limited Liability Company (LLC)
Location: Tampa, FLTweet This • Search All PPP Data
CTS Trucking LLC is a limited liability company (LLC) located at 2417s66th St in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
CTS Trucking LLC in Tampa, FL received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in June, 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 June, 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, CTS Trucking LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, CTS Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - CTS Trucking LLC in Tampa, FL
Tampa, FL 33619
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 66 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $115,264 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Nelson Valdes Noa
E&M Trucking LLC
Eydder Llasert Abrahante Cruz
Elkis Figueras Avalos
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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 3 employees, the same amount reported by CTS Trucking LLC and received an average PPP loan of $39,939, 60% higher than this company's loan of $25,000.
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