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PPP Loan Data — FST Logistics Inc,
Columbus, OH
FST Logistics Inc
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Long-Distance, Less Than Truckload
Location: Columbus, OH
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FST Logistics Inc is a subchapter s corporation located at 1727 Georgesville Road in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,310,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
369Loan Approved:
2020-04-15Lender:
PNC BANK, NATIONAL ASSOCIATIONFST Logistics Inc received a Paycheck Protection Loan of $5.31M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, FST Logistics Inc's total 2019 payroll expenses were approximately $25.49M in order to qualify for the PPP loan amount received.
Based on their reported 369 jobs retained, this equals an estimated average yearly compensation of $69,080 per employee1.
Business Information - FST Logistics Inc in Columbus, OH
1727 Georgesville Road
Columbus, OH 43228
Business Industry
General Freight Trucking, Long-Distance, Less Than Truckload (NAICS code 484122)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-03Similar Companies near Columbus
In the Columbus area, 7 businesses in the "General Freight Trucking, Long-Distance, Less Than Truckload" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 369) and received an average PPP loan of $809,205 (compared to this company's $5.31M).
Similar Nearby Businesses Who Received PPP Funding:
Dean Wolfe
Columbus, OH
Hikam Transportation LLC
Columbus, OH
Faisal M Mohamud
Columbus, OH
Habib M. Mohamud
Columbus, OH
Central Ohio Forklifts, Inc.
Columbus, OH
Iska Express LLC
Columbus, OH
Industry PPP Comparison Statistics
Nationwide, 3,886 businesses in the "General Freight Trucking, Long-Distance, Less Than Truckload" industry received a total of $330,228,634.00 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 6 employees, 98% lower than FST Logistics Inc's reported 369 employees, and received an average PPP loan of $84,979, 98% lower than this company's loan of $5.31M.
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.
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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