PPP Loan Data — Jaro Transportation Services, Inc., Warren, OH
Jaro Transportation Services, Inc. is a corporation located at 975 Post Rd, Nw in Warren, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,521,000.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Jaro Transportation Services, Inc. in Warren, OH received a Paycheck Protection Loan of $3.52M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jaro Transportation Services, Inc.'s total 2019 payroll expenses were approximately $16.9M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $98,260 per employee1.
Business Information - Jaro Transportation Services, Inc. in Warren, OH
975 Post Rd, Nw
Warren, OH 44483
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-13
Similar Companies near Warren
In the Warren area, 6 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 172) and received an average PPP loan of $611,608 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Vshay Favor Express Trucking LLC
Hall Hauling, LTD
Varie Trucking LLC
D & D Atwater Hauling Inc
Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 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 5 employees, 97% lower than Jaro Transportation Services, Inc.'s reported 172 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $3.52M.
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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