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PPP Loan Data — Four Star Freightliner, Inc., Dothan, AL

SBA PPP loan data, payroll data, and salaries for Four Star Freightliner, Inc.
AL

Four Star Freightliner, Inc.

Entity: Corporation

Industry: Automobile and Other Motor Vehicle Merchant Wholesalers

Location: Dothan, AL

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Four Star Freightliner, Inc. is a corporation located at Po Box 6569 in Dothan, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,573,167.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

200

Loan Approved:

2020-04-06

Lender:

SYNOVUS BANK

Four Star Freightliner, Inc. in Dothan, AL received a Paycheck Protection Loan of $2.57M through SYNOVUS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Four Star Freightliner, Inc.'s total 2019 payroll expenses were approximately $12.35M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $61,756 per employee1.

Because the loan received by Four Star Freightliner, 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 - Four Star Freightliner, Inc. in Dothan, AL

Four Star Freightliner, Inc.
Po Box 6569
Dothan, AL 36302

Business Industry

Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-02

Similar Companies near Dothan

In the Dothan area, 6 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 200) and received an average PPP loan of $513,928 (compared to this company's $2.57M).

Industry PPP Comparison Statistics

Nationwide, 4,037 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $746,857,572.00 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 15 employees, 93% lower than Four Star Freightliner, Inc.'s reported 200 employees, and received an average PPP loan of $185,003, 93% lower than this company's loan of $2.57M.

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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Source: www.federalpay.org/paycheck-protection-program/four-star-freightliner-inc-dothan-al