PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — David Palmer Trucking Inc, Bolckow, MO

ALERT: There are 2 PPP loans for a total of $50,514 in our database for businesses with the name "David Palmer Trucking Inc" in Bolckow, MO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for David Palmer Trucking Inc
MO

David Palmer Trucking Inc

Entity: Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Bolckow, MO

Search All PPP Data

David Palmer Trucking Inc is a corporation located at 40865 State Hwy N in Bolckow, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,254.00 in February, 2021.

$ PPP Loan Information
Loan #1377348504

Loan Size:

$25,254

Jobs Retained:

4

Loan Approved:

2021-02-18

Loan Status:

Ongoing Loan

Lender:

HNB National Bank

David Palmer Trucking Inc in Bolckow, MO received a Paycheck Protection Loan of $25,254 through HNB National Bank, which was approved in February, 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 More
Understanding 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 More

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, David Palmer Trucking Inc's 2019 payroll expenses are estimated to be at least $121,219.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,305 per employee1

Reported PPP Proceed Usage:

On the PPP application, David Palmer Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,251
  • Utilities: $1

Business Information - David Palmer Trucking Inc in Bolckow, MO

David Palmer Trucking Inc
40865 State Hwy N
Bolckow, MO 64427

Business Industry:
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Nodaway County, MO — SBA Office 0709 — Congressional District: MO-06

Similar Companies near Bolckow

In the Bolckow area, 4 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $19,445 (compared to this company's $25,254).

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, 25% lower than David Palmer Trucking Inc's reported 4 employees, and received an average PPP loan of $39,939, 58% higher than this company's loan of $25,254.

SBA PPP loan data, payroll data, and salaries for David Palmer Trucking, Inc
MO

David Palmer Trucking, Inc

Entity: Corporation

Industry: General Freight Trucking, Local

Location: Bolckow, MO

Search All PPP Data

David Palmer Trucking, Inc is a corporation located at 40865 State Hwy N in Bolckow, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,260.00 in April, 2020.

$ PPP Loan Information
Loan #6884417001

Loan Size:

$25,260

Jobs Retained:

3

Loan Approved:

2020-04-07

Loan Status:

Ongoing Loan

Lender:

HNB National Bank

David Palmer Trucking, Inc in Bolckow, MO received a Paycheck Protection Loan of $25,260 through HNB National Bank, which was approved in April, 2020.

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 More
Understanding 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 More

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, David Palmer Trucking, Inc's 2019 payroll expenses are estimated to be at least $121,248.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,416 per employee1

Reported PPP Proceed Usage:

On the PPP application, David Palmer Trucking, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,260

Business Information - David Palmer Trucking, Inc in Bolckow, MO

David Palmer Trucking, Inc
40865 State Hwy N
Bolckow, MO 64427

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Nodaway County, MO — SBA Office 0709 — Congressional District: MO-06

Similar Companies near Bolckow

In the Bolckow area, 3 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,540 (compared to this company's $25,260).

Industry PPP Comparison Statistics

Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 33% higher than David Palmer Trucking, Inc's reported 3 employees, and received an average PPP loan of $37,520, 49% higher than this company's loan of $25,260.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/david-palmer-trucking-inc-bolckow-mo