FederalPay.org
PPP Loan Data — Empire Transportation Inc,
Bellflower, CA
Empire Transportation Inc
Entity: Corporation
Industry: All Other Transit and Ground Passenger Transportation
Location: Bellflower, CA
Tweet This
•
Search All PPP Data
Empire Transportation Inc is a corporation located at 8800 Park St in Bellflower, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male veteran owned business, and employed at least 210 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2599968404
Loan Size:
Jobs Retained:
210Loan Approved:
2021-02-03Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofEmpire Transportation Inc in Bellflower, CA received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Empire Transportation Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $45,714 per employee1
Reported PPP Proceed Usage:
On the PPP application, Empire Transportation Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Empire Transportation Inc in Bellflower, CA
8800 Park St
Bellflower, CA 90706
Business Industry:
All Other Transit and Ground Passenger Transportation
NAICS code 485999
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Bellflower
In the Bellflower area, 25 businesses in the "All Other Transit and Ground Passenger Transportation" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 210) and received an average PPP loan of $90,321 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Tracy Brunson Hill
Bellflower, CA
Tyeshalei Singleton
Bellflower, CA
Beletie L Marsh
Bellflower, CA
Marlowy Mallari
Bellflower, CA
Larry Johnson
Bellflower, CA
Saul E. Lopez Mozon
Bellflower, CA
Alhassan Umar
Bellflower, CA
Sithy Yi
Bellflower, CA
Monia Capanni
Bellflower, CA
Industry PPP Comparison Statistics
Nationwide, 33,528 businesses in the "All Other Transit and Ground Passenger Transportation" industry received a total of $790.34M 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 3 employees, 99% lower than Empire Transportation Inc's reported 210 employees, and received an average PPP loan of $23,572, 99% lower than this company's loan of $2M.
Empire Transportation, Inc
Entity: Corporation
Industry: Charter Bus Industry
Location: Bellflower, CA
Tweet This
•
Search All PPP Data
Empire Transportation, Inc is a corporation located at 8800 Park Street in Bellflower, California that received a Coronavirus-related PPP loan from the SBA of $3,578,200.00 in May, 2020.
$
PPP Loan Information
Loan #7843487706
Loan Size:
Jobs Retained:
343Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofEmpire Transportation, Inc in Bellflower, CA received a Paycheck Protection Loan of $3.58M through Zions Bank, A Division of, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Empire Transportation, Inc's 2019 payroll expenses are estimated to be at least $17.18M.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $50,074 per employee1
Reported PPP Proceed Usage:
On the PPP application, Empire Transportation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,578,200
Business Information - Empire Transportation, Inc in Bellflower, CA
8800 Park Street
Bellflower, CA 90706
Business Industry:
Charter Bus Industry
NAICS code 485510
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Bellflower
In the Bellflower area, 3 businesses in the "Charter Bus Industry" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 343) and received an average PPP loan of $1,193,789 (compared to this company's $3.58M).
Similar Nearby Businesses Who Received PPP Funding:
Salvador Chacon
Bellflower, CA
Industry PPP Comparison Statistics
Nationwide, 2,191 businesses in the "Charter Bus Industry" industry received a total of $361.38M 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 22 employees, 94% lower than Empire Transportation, Inc's reported 343 employees, and received an average PPP loan of $164,940, 95% lower than this company's loan of $3.58M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!