PPP Loan Data — Kennesaw Transportation Inc., Rydal, GA
Kennesaw Transportation Inc.
Location: Rydal, GATweet This • Search All PPP Data
Kennesaw Transportation Inc. is a corporation located at 3794 Highway 411 Ne in Rydal, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,911,850.00 in April, 2020.
$ PPP Loan Information
Lender:1ST SOURCE BANK
Kennesaw Transportation Inc. received a Paycheck Protection Loan of $3.91M through 1ST SOURCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kennesaw Transportation Inc.'s total 2019 payroll expenses were approximately $18.78M in order to qualify for the PPP loan amount received.
Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $61,162 per employee1.
Business Information - Kennesaw Transportation Inc. in Rydal, GA
3794 Highway 411 Ne
Rydal, GA 30171
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-11
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Kennesaw Transportation Inc.'s reported 307 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.91M.
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.
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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