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PPP Loan Data — J W Logistics, LLC, Frisco, TX

SBA PPP loan data, payroll data, and salaries for J W Logistics, LLC
TX

J W Logistics, LLC

Entity: Limited Liability Company (LLC)

Industry: Process, Physical Distribution, and Logistics Consulting Services

Location: Frisco, TX

Search All PPP Data

J W Logistics, LLC is a limited liability company (LLC) located at 3801 Parkwood Blvd in Frisco, Texas that received a Coronavirus-related PPP loan from the SBA of $4,571,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.57M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

FIRST UNITED BANK AND TRUST COMPANY

J W Logistics, LLC received a Paycheck Protection Loan of $4.57M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, J W Logistics, LLC's total 2019 payroll expenses were approximately $21.94M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $87,769 per employee1.

Because the loan received by J W Logistics, 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 - J W Logistics, LLC in Frisco, TX

J W Logistics, LLC
3801 Parkwood Blvd
Frisco, TX 75034

Business Industry

Process, Physical Distribution, and Logistics Consulting Services (NAICS code 541614)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-03

Similar Companies near Frisco

In the Frisco area, 4 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 250) and received an average PPP loan of $1,594,356 (compared to this company's $4.57M).

Industry PPP Comparison Statistics

Nationwide, 4,460 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $676,111,064.00 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 12 employees, 95% lower than J W Logistics, LLC's reported 250 employees, and received an average PPP loan of $151,594, 97% lower than this company's loan of $4.57M.

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/j-w-logistics-llc-frisco-tx