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PPP Loan Data — Jaro Transportation Services, Inc., Warren, OH

SBA PPP loan data, payroll data, and salaries for Jaro Transportation Services, Inc.
OH

Jaro Transportation Services, Inc.

Entity: Corporation

Industry: General Freight Trucking, Local

Location: Warren, OH

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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

Loan Size:

$3.52M

Jobs Retained:

172

Loan Approved:

2020-04-10

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.

Because the loan received by Jaro Transportation Services, Inc. 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 - Jaro Transportation Services, Inc. in Warren, OH

Jaro Transportation Services, Inc.
975 Post Rd, Nw
Warren, OH 44483

Business Industry

General Freight Trucking, Local (NAICS code 484110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/jaro-transportation-services-inc-warren-oh