PPP Loan Data — Daybreak Express, Inc., Newark, NJ
Daybreak Express, Inc. is a subchapter s corporation located at 500 Avenue P in Newark, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,954,545.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Daybreak Express, Inc. in Newark, NJ received a Paycheck Protection Loan of $3.95M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Daybreak Express, Inc.'s total 2019 payroll expenses were approximately $18.98M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $75,927 per employee1.
Business Information - Daybreak Express, Inc. in Newark, NJ
500 Avenue P
Newark, NJ 07105
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-08
Similar Companies near Newark
In the Newark area, 66 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 250) and received an average PPP loan of $127,408 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Jadan Trucking Service LLC
Antonio Reis De Andrade
On Time Logistics Services LLC
First Minute Cargo LLC
MIA's Transport LLC
63-67 Blanchard Street LLC
Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 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 5 employees, 98% lower than Daybreak Express, Inc.'s reported 250 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $3.95M.
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