PPP Loan Data — GP Delivery Services LLC, Riverview, FL
GP Delivery Services LLC is a limited liability company (LLC) located at 11413 Misty Isle Ln in Riverview, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
GP Delivery Services LLC in Riverview, FL received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, GP Delivery Services LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, GP Delivery Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - GP Delivery Services LLC in Riverview, FL
11413 Misty Isle Ln
Riverview, FL 33579
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Riverview
In the Riverview area, 79 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $19,483 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Nova Truck Express LLC
Integrity Revolution Trucking, Inc
5526 Bandera Springs Circle, FL
Integrity Moves Moving Labor
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 100% higher than GP Delivery Services LLC's reported 2 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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