PPP Loan Data — Don Hummer Trucking Corporatio, Cedar Rapids, IA
Don Hummer Trucking Corporatio is a corporation located at 505 33rd Ave in Cedar Rapids, Iowa that received a Coronavirus-related PPP loan from the SBA of $4,095,000.00 in April, 2020.
$ PPP Loan Information
Lender:CEDAR RAPIDS BANK AND TRUST COMPANY
Don Hummer Trucking Corporatio in Cedar Rapids, IA received a Paycheck Protection Loan of $4.1M through CEDAR RAPIDS BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Don Hummer Trucking Corporatio's total 2019 payroll expenses were approximately $19.66M 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 $78,624 per employee1.
Business Information - Don Hummer Trucking Corporatio in Cedar Rapids, IA
505 33rd Ave
Cedar Rapids, IA 52404
Other Support Activities for Road Transportation (NAICS code 488490)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IA-01
Similar Companies near Cedar Rapids
In the Cedar Rapids area, 3 businesses in the "Other Support Activities for Road Transportation" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 250) and received an average PPP loan of $1,431,579 (compared to this company's $4.1M).
Similar Nearby Businesses Who Received PPP Funding:
Pro Tow LLC
Cedar Rapids, IA
United Dispatch Of Iowa, Inc.
Cedar Rapids, IA
Industry PPP Comparison Statistics
Nationwide, 4,587 businesses in the "Other Support Activities for Road Transportation" industry received a total of $253,083,673.00 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 6 employees, 98% lower than Don Hummer Trucking Corporatio's reported 250 employees, and received an average PPP loan of $55,174, 99% lower than this company's loan of $4.1M.
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, 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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