PPP Loan Data — FST Logistics Inc, Columbus, OH
FST Logistics Inc
Entity: Subchapter S Corporation
Location: Columbus, OHTweet This • Search All PPP Data
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
Lender:PNC BANK, NATIONAL ASSOCIATION
FST 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
General Freight Trucking, Long-Distance, Less Than Truckload (NAICS code 484122)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-03
Similar 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:
Hikam Transportation LLC
Faisal M Mohamud
Habib M. Mohamud
Central Ohio Forklifts, Inc.
Iska Express LLC
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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