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PPP Loan Data — Interstate Truck Center, LLC, Stockton, CA

SBA PPP loan data, payroll data, and salaries for Interstate Truck Center, LLC
CA

Interstate Truck Center, LLC

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Stockton, CA

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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

Loan Size:

$2.66M

Jobs Retained:

184

Loan Approved:

2020-04-14

Lender:

UMPQUA BANK

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.

Because the loan received by Interstate Truck Center, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Interstate Truck Center, LLC in Stockton, CA

Interstate Truck Center, LLC
2110 S Sinclair Ave
Stockton, CA 95215

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/interstate-truck-center-llc-stockton-ca