PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Heritage Trucking Inc, Mesa, AZ

ALERT: There are 2 PPP loans for a total of $3.26M in our database for businesses with the name "Heritage Trucking Inc" in Mesa, AZ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Heritage Trucking Inc
AZ

Heritage Trucking Inc

Entity: Corporation

Industry: Specialized Freight (except Used Goods) Trucking, Local

Location: Mesa, AZ

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Heritage Trucking Inc is a corporation located at 535 E Mckellips Rd Ste 117 in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,635,952.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 121 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4057008305

Loan Size:

$1.64M

Jobs Retained:

121

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Metro Phoenix Bank

Heritage Trucking Inc in Mesa, AZ received a Paycheck Protection Loan of $1.64M through Metro Phoenix Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Heritage Trucking Inc's 2019 payroll expenses are estimated to be at least $7.85M.

Based on their reported 121 jobs retained, this equals an estimated average yearly compensation of $64,897 per employee1

Reported PPP Proceed Usage:

On the PPP application, Heritage Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,635,946
  • Utilities: $1

Business Information - Heritage Trucking Inc in Mesa, AZ

Heritage Trucking Inc
535 E Mckellips Rd Ste 117
Mesa, AZ 85203

Business Industry:
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-05

Similar Companies near Mesa

In the Mesa area, 5 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 121) and received an average PPP loan of $418,584 (compared to this company's $1.64M).

Industry PPP Comparison Statistics

Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 95% lower than Heritage Trucking Inc's reported 121 employees, and received an average PPP loan of $66,149, 96% lower than this company's loan of $1.64M.

SBA PPP loan data, payroll data, and salaries for Heritage Trucking, Inc
AZ

Heritage Trucking, Inc

Entity: Corporation

Industry: General Freight Trucking, Local

Location: Mesa, AZ

Search All PPP Data

Heritage Trucking, Inc is a corporation located at 535 E Mckellips Rd in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,623,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 108 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4747547206

Loan Size:

$1.62M

Jobs Retained:

108

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Metro Phoenix Bank

Heritage Trucking, Inc in Mesa, AZ received a Paycheck Protection Loan of $1.62M through Metro Phoenix Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Heritage Trucking, Inc's 2019 payroll expenses are estimated to be at least $7.79M.

Based on their reported 108 jobs retained, this equals an estimated average yearly compensation of $72,133 per employee1

Reported PPP Proceed Usage:

On the PPP application, Heritage Trucking, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,623,000

Business Information - Heritage Trucking, Inc in Mesa, AZ

Heritage Trucking, Inc
535 E Mckellips Rd
Mesa, AZ 85203

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-05

Similar Companies near Mesa

In the Mesa area, 21 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 108) and received an average PPP loan of $92,557 (compared to this company's $1.62M).

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, 96% lower than Heritage Trucking, Inc's reported 108 employees, and received an average PPP loan of $37,520, 98% lower than this company's loan of $1.62M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/heritage-trucking-inc-mesa-az