PPP Loan Data — Eagles Taxi LLC DBA 215-Get-A-Cab, Philadelphia, PA
Eagles Taxi LLC DBA 215-Get-A-Cab is a subchapter s corporation located at 2301 Church St Ste 2 in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $47,152.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
Eagles Taxi LLC DBA 215-Get-A-Cab in Philadelphia, PA received a Paycheck Protection Loan of $47,152 through Square Capital, LLC, 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, Eagles Taxi LLC DBA 215-Get-A-Cab's 2019 payroll expenses are estimated to be at least $226,330.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,633 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eagles Taxi LLC DBA 215-Get-A-Cab reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,364
- Utilities: $5,894
- Mortgage Interest: $5,894
Business Information - Eagles Taxi LLC DBA 215-Get-A-Cab in Philadelphia, PA
2301 Church St Ste 2
Philadelphia, PA 19124
Other Support Activities for Road Transportation
NAICS code 488490
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 5 businesses in the "Other Support Activities for Road Transportation" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 10) and received an average PPP loan of $36,852 (compared to this company's $47,152).
Similar Nearby Businesses Who Received PPP Funding:
Eagles Dispatch LLC
Xinnix Ticketing Inc
Industry PPP Comparison Statistics
Nationwide, 10,832 businesses in the "Other Support Activities for Road Transportation" industry received a total of $409.57M 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 4 employees, 60% lower than Eagles Taxi LLC DBA 215-Get-A-Cab's reported 10 employees, and received an average PPP loan of $37,811, 20% lower than this company's loan of $47,152.
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Footnotes & Information
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