FederalPay.org
PPP Loan Data — Inontime, LLC,
Zeeland, MI
Inontime, LLC
Entity: Limited Liability Company (LLC)
Industry: Specialized Freight (except Used Goods) Trucking, Local
Location: Zeeland, MI
Tweet This
•
Search All PPP Data
Inontime, LLC is a limited liability company (LLC) located at 7900 Logistics Dr in Zeeland, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,907,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
349Loan Approved:
2020-04-09Lender:
FIFTH THIRD BANKInontime, LLC received a Paycheck Protection Loan of $3.91M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Inontime, LLC's total 2019 payroll expenses were approximately $18.76M in order to qualify for the PPP loan amount received.
Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $53,743 per employee1.
Business Information - Inontime, LLC in Zeeland, MI
7900 Logistics Dr
Zeeland, MI 49464
Business Industry
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-02Similar Companies near Zeeland
In the Zeeland area, 2 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 175 employees (compared to this company's 349) and received an average PPP loan of $2,001,800 (compared to this company's $3.91M).
Similar Nearby Businesses Who Received PPP Funding:
Ken Kamps Trucking Limited
Zeeland, MI
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 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 7 employees, 98% lower than Inontime, LLC's reported 349 employees, and received an average PPP loan of $85,295, 98% lower than this company's loan of $3.91M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!