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PPP Loan Data — Evans Farms Trucking, LLC, Elkton, KY

SBA PPP loan data, payroll data, and salaries for Evans Farms Trucking, LLC

Evans Farms Trucking, LLC

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Local

Location: Elkton, KY

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Evans Farms Trucking, LLC is a limited liability company (LLC) located at 870 Miller Valley Rd in Elkton, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,664.00 in June, 2020.

$ PPP Loan Information
Loan #8309187900

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Elkton Bank & Trust Company

Evans Farms Trucking, LLC in Elkton, KY received a Paycheck Protection Loan of $46,664 through Elkton Bank & Trust Company, 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 January, 2021.

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 More
Understanding 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 More

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, Evans Farms Trucking, LLC's 2019 payroll expenses are estimated to be at least $223,987.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,997 per employee1

Reported PPP Proceed Usage:

On the PPP application, Evans Farms Trucking, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,664

Business Information - Evans Farms Trucking, LLC in Elkton, KY

Evans Farms Trucking, LLC
870 Miller Valley Rd
Elkton, KY 42220

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Todd County, KY — SBA Office 0457 — Congressional District: KY-01

Similar Companies near Elkton

In the Elkton area, 8 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $118,617 (compared to this company's $46,664).

Industry PPP Comparison Statistics

Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, the same amount reported by Evans Farms Trucking, LLC and received an average PPP loan of $37,520, 20% lower than this company's loan of $46,664.

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.

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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.

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