PPP Loan Data — Interstate Truck Center, LLC, Stockton, CA
Interstate Truck Center, LLC
Entity: Limited Liability Company (LLC)
Location: Stockton, CATweet This • Search All PPP Data
Interstate Truck Center, LLC is a limited liability company (LLC) located at 2110 S Sinclair Ave in Stockton, California that received a Coronavirus-related PPP loan from the SBA of $2,664,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 184 people during the applicable loan loan period.
$ PPP Loan Information
Interstate Truck Center, LLC received a Paycheck Protection Loan of $2.66M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Interstate Truck Center, LLC's total 2019 payroll expenses were approximately $12.79M in order to qualify for the PPP loan amount received.
Based on their reported 184 jobs retained, this equals an estimated average yearly compensation of $69,514 per employee1.
Business Information - Interstate Truck Center, LLC in Stockton, CA
2110 S Sinclair Ave
Stockton, CA 95215
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-09
Similar Companies near Stockton
In the Stockton area, 5 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 184) and received an average PPP loan of $895,369 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
Sunview Logistics Inc
Golden State Freight, Inc.
Platinum Transport & Equipment LLC
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% 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, 97% lower than Interstate Truck Center, LLC's reported 184 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.66M.
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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