PPP Loan Data — Jackie Transportation, Memphis, TN
Jackie Transportation is a self-employed individual located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,056.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Jackie Transportation in Memphis, TN received a Paycheck Protection Loan of $25,056 through MBE Capital Partners, which was approved in August, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Jackie Transportation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,056
Business Information - Jackie Transportation in Memphis, TN
* Full address is redacted to protect the privacy of individuals.
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Memphis
In the Memphis area, 81 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $17,824 (compared to this company's $25,056).
Similar Nearby Businesses Who Received PPP Funding:
Ricky Crittenden Jr
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% 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 Jackie Transportation's reported 1 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,056.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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