PPP Loan Data — J Rayl Transport, Inc. & Affiliates, Akron, OH
J Rayl Transport, Inc. & Affiliates
Location: Akron, OHTweet This • Search All PPP Data
J Rayl Transport, Inc. & Affiliates is a corporation located at 1016 Triplett Blvd. in Akron, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,674,720.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
J Rayl Transport, Inc. & Affiliates in Akron, OH received a Paycheck Protection Loan of $4.67M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, J Rayl Transport, Inc. & Affiliates' total 2019 payroll expenses were approximately $22.44M in order to qualify for the PPP loan amount received.
Based on their reported 469 jobs retained, this equals an estimated average yearly compensation of $47,844 per employee1.
Business Information - J Rayl Transport, Inc. & Affiliates in Akron, OH
1016 Triplett Blvd.
Akron, OH 44306
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Akron
In the Akron area, 2 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 241 employees (compared to this company's 469) and received an average PPP loan of $2,374,263 (compared to this company's $4.67M).
Similar Nearby Businesses Who Received PPP Funding:
RLD Relocation & Logistics
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, 99% lower than J Rayl Transport, Inc. & Affiliates' reported 469 employees, and received an average PPP loan of $85,295, 98% lower than this company's loan of $4.67M.
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, 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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