PPP Loan Data — Freightline Carrier Systems USA, Inc, Collierville, TN
Freightline Carrier Systems USA, Inc is a corporation located at 574 Green Tree Cv Ste 201a in Collierville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $83,200.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Freightline Carrier Systems USA, Inc received a Paycheck Protection Loan of $83,200 through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Freightline Carrier Systems USA, Inc's total 2019 payroll expenses were approximately $399,360 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $57,051 per employee1.
Business Information - Freightline Carrier Systems USA, Inc in Collierville, TN
574 Green Tree Cv Ste 201a
Collierville, TN 38017
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-08
Similar Companies near Collierville
In the Collierville area, 10 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 7) and received an average PPP loan of $330,079 (compared to this company's $83,200).
Similar Nearby Businesses Who Received PPP Funding:
Curtis Marks DBA None
V. Alexander & Co., Inc.
Mccoy Transportation Group
Bista Transport, LLC
W.S. Thomas Trucking, Inc.
Garland A Watkins
Corporate Aviation Service, Inc
Marys Angel Transportation
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, 43% higher than Freightline Carrier Systems USA, Inc's reported 7 employees, and received an average PPP loan of $119,776, 44% higher than this company's loan of $83,200.
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. 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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