PPP Loan Data — Hellmann Worldwide Logistics Inc, Miami, FL
Hellmann Worldwide Logistics Inc is a corporation located at 10450 Doral Blvd. in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $6,300,303.00 in May, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Hellmann Worldwide Logistics Inc received a Paycheck Protection Loan of $6.3M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Hellmann Worldwide Logistics Inc's total 2019 payroll expenses were approximately $30.24M in order to qualify for the PPP loan amount received.
Unlike most businesses, Hellmann Worldwide Logistics Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Hellmann Worldwide Logistics Inc in Miami, FL
10450 Doral Blvd.
Miami, FL 33178
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: FL-25
Similar Companies near Miami
In the Miami area, 91 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 0) and received an average PPP loan of $161,345 (compared to this company's $6.3M).
Similar Nearby Businesses Who Received PPP Funding:
Road Runner Moving And Storage Inc
Paradise Freight LLC
Krystal Logistics USA, Inc
King Courier Express, Inc.
Global Sales & Cargo LLC
Florida Forwarding Services, Corp.
GAP Forwarding Inc
IB Consulting Partners, LLC
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, and received an average PPP loan of $119,776, 98% lower than this company's loan of $6.3M.
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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