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PPP Loan Data — Jeannie Trucking Operating Co, Kingsland, TX

SBA PPP loan data, payroll data, and salaries for Jeannie Trucking Operating Co
TX

Jeannie Trucking Operating Co

Entity: Corporation

Industry: General Freight Trucking, Local

Location: Kingsland, TX

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Jeannie Trucking Operating Co is a corporation located at 121 Olas Ln in Kingsland, Texas that received a Coronavirus-related PPP loan from the SBA of $46,308.00 in April, 2020.

$ PPP Loan Information
Loan #5454597102

Loan Size:

$46,308

Jobs Retained:

6

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

BancorpSouth Bank

Jeannie Trucking Operating Co in Kingsland, TX received a Paycheck Protection Loan of $46,308 through BancorpSouth Bank, which was approved in April, 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 December, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Jeannie Trucking Operating Co's 2019 payroll expenses are estimated to be at least $222,278.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,046 per employee1

Reported PPP Proceed Usage:

On the PPP application, Jeannie Trucking Operating Co reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,308

Business Information - Jeannie Trucking Operating Co in Kingsland, TX

Jeannie Trucking Operating Co
121 Olas Ln
Kingsland, TX 78639

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Llano County, TX — SBA Office 0681 — Congressional District: TX-25

Similar Companies near Kingsland

In the Kingsland area, 4 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $19,551 (compared to this company's $46,308).

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, 33% lower than Jeannie Trucking Operating Co's reported 6 employees, and received an average PPP loan of $37,520, 19% lower than this company's loan of $46,308.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/jeannie-trucking-operating-co-kingsland-tx