PPP Loan Data — Jose Centeno DBA JJ's Trucking, Brentwood, CA
Jose Centeno DBA JJ's Trucking is a sole proprietorship located in Brentwood, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Jose Centeno DBA JJ's Trucking in Brentwood, CA received a Paycheck Protection Loan of $25,000 through MUFG Union Bank, National Association, which was approved in May, 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, Jose Centeno DBA JJ's Trucking reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Jose Centeno DBA JJ's Trucking in Brentwood, CA
* Full address is redacted to protect the privacy of individuals.
Freight Transportation Arrangement
NAICS code 488510
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brentwood
In the Brentwood area, 6 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 1) and received an average PPP loan of $133,459 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Sonrise Transportation Services Inc
Dillard Environmental Services
Industry PPP Comparison Statistics
Nationwide, 26,171 businesses in the "Freight Transportation Arrangement" industry received a total of $1.88B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 600% higher than Jose Centeno DBA JJ's Trucking's reported 1 employees, and received an average PPP loan of $72,001, 188% 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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