PPP Loan Data — Kimrad Transport, LP, Amarillo, TX
Kimrad Transport, LP
Location: Amarillo, TXTweet This • Search All PPP Data
Kimrad Transport, LP is a partnership located at Po Box 19490 in Amarillo, Texas that received a Coronavirus-related PPP loan from the SBA of $1,546,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First United Bank
Kimrad Transport, LP in Amarillo, TX received a Paycheck Protection Loan of $1.55M through First United 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Kimrad Transport, LP's 2019 payroll expenses are estimated to be at least $7.42M.
Based on their reported 109 jobs retained, this equals an estimated average yearly compensation of $68,081 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kimrad Transport, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,159,500
- Utilities: $193,250
- Rent: $193,250
Business Information - Kimrad Transport, LP in Amarillo, TX
Po Box 19490
Amarillo, TX 79114
Specialized Freight (except Used Goods) Trucking, Long-Distance
NAICS code 484230
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 35,019 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a total of $1.38B 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 3 employees, 97% lower than Kimrad Transport, LP's reported 109 employees, and received an average PPP loan of $39,377, 97% lower than this company's loan of $1.55M.
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Footnotes & Information
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