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PPP Loan Data — Dynamic Transit Company, Saint Louis, MO

SBA PPP loan data, payroll data, and salaries for Dynamic Transit Company
MO

Dynamic Transit Company

Entity: Subchapter S Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Saint Louis, MO

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Dynamic Transit Company is a subchapter s corporation located at Po Box 38219 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,690,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.69M

Jobs Retained:

259

Loan Approved:

2020-04-15

Lender:

ENTERPRISE BANK & TRUST

Dynamic Transit Company in Saint Louis, MO received a Paycheck Protection Loan of $2.69M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dynamic Transit Company's total 2019 payroll expenses were approximately $12.91M in order to qualify for the PPP loan amount received.

Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $49,864 per employee1.

Because the loan received by Dynamic Transit Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Dynamic Transit Company in Saint Louis, MO

Dynamic Transit Company
Po Box 38219
Saint Louis, MO 63138

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-01

Similar Companies near Saint Louis

In the Saint Louis area, 10 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 259) and received an average PPP loan of $333,281 (compared to this company's $2.69M).

Industry PPP Comparison Statistics

Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% 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 Dynamic Transit Company's reported 259 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.69M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dynamic-transit-company-saint-louis-mo