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PPP Loan Data — Ismihan Topcic Trucking, Grand Rapids, MI

SBA PPP loan data, payroll data, and salaries for Ismihan Topcic Trucking
MI

Ismihan Topcic Trucking

Entity: Sole Proprietorship

Industry: General Freight Trucking, Local

Location: Grand Rapids, MI

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Ismihan Topcic Trucking is a sole proprietorship located in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,961.00 in June, 2020.

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

$ PPP Loan Information
Loan #4381898000

Loan Size:

$4,961

Jobs Retained:

1

Loan Approved:

2020-06-25

Loan Status:

Paid in Full or Forgiven

Lender:

The Huntington National Bank

Ismihan Topcic Trucking in Grand Rapids, MI received a Paycheck Protection Loan of $4,961 through The Huntington National Bank, which was approved in June, 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 April, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $4,961

Business Information - Ismihan Topcic Trucking in Grand Rapids, MI

Ismihan Topcic Trucking
Grand Rapids, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Kent County, MI — SBA Office 0515 — Congressional District: MI-02

Similar Companies near Grand Rapids

In the Grand Rapids area, 16 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 1) and received an average PPP loan of $142,558 (compared to this company's $4,961).

Industry PPP Comparison Statistics

Nationwide, 172,322 businesses in the "General Freight Trucking, Local" industry received a total of $6.52B in PPP loans. These businesses account for 2% 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, 300% higher than Ismihan Topcic Trucking's reported 1 employees, and received an average PPP loan of $37,823, 662% higher than this company's loan of $4,961.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/ismihan-topcic-trucking-grand-rapids-mi