PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Kentucky Truck Sales Inc, Jeffersonville, IN

ALERT: There are 2 PPP loans for a total of $1.92M in our database for businesses with the name "Kentucky Truck Sales Inc" in Jeffersonville, IN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Kentucky Truck Sales Inc
IN

Kentucky Truck Sales Inc

Entity: Corporation

Industry: Motorcycle, ATV, and All Other Motor Vehicle Dealers

Location: Jeffersonville, IN

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Kentucky Truck Sales Inc is a corporation located at 1403 Truckers Blvd in Jeffersonville, Indiana that received a Coronavirus-related PPP loan from the SBA of $962,000.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 62 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1203918302

Loan Size:

$962,000

Jobs Retained:

62

Loan Approved:

2021-01-16

Loan Status:

Ongoing Loan

Lender:

The New Washington State Bank

Kentucky Truck Sales Inc in Jeffersonville, IN received a Paycheck Protection Loan of $962,000 through The New Washington State Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Kentucky Truck Sales Inc's 2019 payroll expenses are estimated to be at least $4.62M.

Based on their reported 62 jobs retained, this equals an estimated average yearly compensation of $74,477 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kentucky Truck Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $962,000

Business Information - Kentucky Truck Sales Inc in Jeffersonville, IN

Kentucky Truck Sales Inc
1403 Truckers Blvd
Jeffersonville, IN 47130

Business Industry:
Motorcycle, ATV, and All Other Motor Vehicle Dealers
NAICS code 441228

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Clark County, IN — SBA Office 0562 — Congressional District: IN-09

Similar Companies near Jeffersonville

In the Jeffersonville area, 4 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 62) and received an average PPP loan of $289,249 (compared to this company's $962,000).

Industry PPP Comparison Statistics

Nationwide, 7,085 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $1.06B 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 15 employees, 76% lower than Kentucky Truck Sales Inc's reported 62 employees, and received an average PPP loan of $149,597, 84% lower than this company's loan of $962,000.

SBA PPP loan data, payroll data, and salaries for Kentucky Truck Sales Inc
IN

Kentucky Truck Sales Inc

Entity: Corporation

Industry: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

Location: Jeffersonville, IN

Search All PPP Data

Kentucky Truck Sales Inc is a corporation located at 1403 Truckers Blvd in Jeffersonville, Indiana that received a Coronavirus-related PPP loan from the SBA of $962,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 68 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5107227004

Loan Size:

$962,000

Jobs Retained:

68

Loan Approved:

2020-04-05

Loan Status:

Paid in Full or Forgiven

Lender:

Republic Bank & Trust Company

Kentucky Truck Sales Inc in Jeffersonville, IN received a Paycheck Protection Loan of $962,000 through Republic Bank & Trust Company, 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 January, 2021.

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, Kentucky Truck Sales Inc's 2019 payroll expenses are estimated to be at least $4.62M.

Based on their reported 68 jobs retained, this equals an estimated average yearly compensation of $67,906 per employee1

Reported PPP Proceed Usage:

On the PPP application, Kentucky Truck Sales Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $962,000

Business Information - Kentucky Truck Sales Inc in Jeffersonville, IN

Kentucky Truck Sales Inc
1403 Truckers Blvd
Jeffersonville, IN 47130

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Clark County, IN — SBA Office 0562 — Congressional District: IN-09

Similar Companies near Jeffersonville

In the Jeffersonville area, 3 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 68) and received an average PPP loan of $713,780 (compared to this company's $962,000).

Industry PPP Comparison Statistics

Nationwide, 2,552 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $281.92M 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 10 employees, 85% lower than Kentucky Truck Sales Inc's reported 68 employees, and received an average PPP loan of $110,469, 89% lower than this company's loan of $962,000.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kentucky-truck-sales-inc-jeffersonville-in