PPP Loan Data — James Linkous, Bluefield, VA
James Linkous is a sole proprietorship located in Bluefield, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Sentinel Bank
James Linkous in Bluefield, VA received a Paycheck Protection Loan of $25,000 through First Sentinel Bank, which was approved in July, 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 February, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
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, James Linkous reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - James Linkous in Bluefield, VA
* Full address is redacted to protect the privacy of individuals.
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Bluefield
In the Bluefield area, 5 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $79,880 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industrial Transport Inc
KTJ Transportation Inc
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 James Linkous' reported 1 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
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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