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PPP Loan Data — EMO-Trans Inc, Garden City, NY

SBA PPP loan data, payroll data, and salaries for EMO-Trans Inc
NY

EMO-Trans Inc

Entity: Corporation

Industry: Freight Transportation Arrangement

Location: Garden City, NY

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EMO-Trans Inc is a corporation located at 377 Oak Street in Garden City, New York that received a Coronavirus-related PPP loan from the SBA of $4,853,025.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.85M

Jobs Retained:

326

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

EMO-Trans Inc in Garden City, NY received a Paycheck Protection Loan of $4.85M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, EMO-Trans Inc's total 2019 payroll expenses were approximately $23.29M in order to qualify for the PPP loan amount received.

Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $71,456 per employee1.

Because the loan received by EMO-Trans Inc 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 - EMO-Trans Inc in Garden City, NY

EMO-Trans Inc
377 Oak Street
Garden City, NY 11530

Business Industry

Freight Transportation Arrangement (NAICS code 488510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-04

Similar Companies near Garden City

In the Garden City area, 3 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 326) and received an average PPP loan of $1,788,684 (compared to this company's $4.85M).

Industry PPP Comparison Statistics

Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 97% lower than EMO-Trans Inc's reported 326 employees, and received an average PPP loan of $119,776, 98% lower than this company's loan of $4.85M.

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.

Search FederalPay's Full PPP Loan Database

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/emo-trans-inc-garden-city-ny