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PPP Loan Data — Frank Boys Trucking & Landscaping LLC, Centertown, MO

SBA PPP loan data, payroll data, and salaries for Frank Boys Trucking & Landscaping LLC
MO

Frank Boys Trucking & Landscaping LLC

Entity: Limited Liability Company (LLC)

Industry: Specialized Freight (except Used Goods) Trucking, Local

Location: Centertown, MO

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Frank Boys Trucking & Landscaping LLC is a limited liability company (LLC) located at 10826 Route N in Centertown, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #4600897005

Loan Size:

$46,300

Jobs Retained:

5

Loan Approved:

2020-04-04

Loan Status:

Paid in Full or Forgiven

Lender:

Hawthorn Bank

Frank Boys Trucking & Landscaping LLC in Centertown, MO received a Paycheck Protection Loan of $46,300 through Hawthorn Bank, which was approved in April, 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 March, 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, Frank Boys Trucking & Landscaping LLC's 2019 payroll expenses are estimated to be at least $222,240.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,448 per employee1

Reported PPP Proceed Usage:

On the PPP application, Frank Boys Trucking & Landscaping LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $37,040
  • Utilities: $4,630
  • Mortgage Interest: $4,630

Business Information - Frank Boys Trucking & Landscaping LLC in Centertown, MO

Frank Boys Trucking & Landscaping LLC
10826 Route N
Centertown, MO 65023

Business Industry:
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cole County, MO — SBA Office 0768 — Congressional District: MO-03

Industry PPP Comparison Statistics

Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, 20% higher than Frank Boys Trucking & Landscaping LLC's reported 5 employees, and received an average PPP loan of $66,149, 43% higher than this company's loan of $46,300.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/frank-boys-trucking-landscaping-llc-centertown-mo