PPP Loan Data — J Is L Trucking Inc, Matteson, IL
J Is L Trucking Inc
Entity: Subchapter S Corporation
Location: Matteson, ILTweet This • Search All PPP Data
J Is L Trucking Inc is a subchapter s corporation located at 1008 Warwick Drive in Matteson, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,166,250.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least 425 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:LCA Bank Corporation
J Is L Trucking Inc in Matteson, IL received a Paycheck Protection Loan of $2.17M through LCA Bank Corporation, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, J Is L Trucking Inc's 2019 payroll expenses are estimated to be at least $10.4M.
Based on their reported 425 jobs retained, this equals an estimated average yearly compensation of $24,466 per employee1
Reported PPP Proceed Usage:
On the PPP application, J Is L Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,166,250
Business Information - J Is L Trucking Inc in Matteson, IL
1008 Warwick Drive
Matteson, IL 60443
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Matteson
In the Matteson area, 15 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 425) and received an average PPP loan of $168,745 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
White Trucking LLC
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, 99% lower than J Is L Trucking Inc's reported 425 employees, and received an average PPP loan of $66,149, 97% lower than this company's loan of $2.17M.
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