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PPP Loan Data — King Transport Xpress LLC, Brunswick, GA

ALERT: There are 2 PPP loans for a total of $26,396 in our database for businesses with the name "King Transport Xpress LLC" in Brunswick, GA. 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 King Transport Xpress LLC
GA

King Transport Xpress LLC

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Brunswick, GA

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King Transport Xpress LLC is a limited liability company (LLC) located in Brunswick, Georgia that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in April, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5064318710

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-04-02

Loan Status:

Ongoing Loan

Lender:

Capital Plus Financial, LLC

King Transport Xpress LLC in Brunswick, GA received a Paycheck Protection Loan of $20,832 through Capital Plus Financial, LLC, which was approved in April, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, King Transport Xpress LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,827
  • Utilities: $1

Business Information - King Transport Xpress LLC in Brunswick, GA

King Transport Xpress LLC
Brunswick, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Glynn County, GA — SBA Office 0405 — Congressional District: GA-01

Similar Companies near Brunswick

In the Brunswick area, 10 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $18,321 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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, 200% higher than King Transport Xpress LLC's reported 1 employees, and received an average PPP loan of $39,939, 92% higher than this company's loan of $20,832.

SBA PPP loan data, payroll data, and salaries for King Transport Xpress LLC
GA

King Transport Xpress LLC

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Local

Location: Brunswick, GA

Search All PPP Data

King Transport Xpress LLC is a limited liability company (LLC) located in Brunswick, Georgia that received a Coronavirus-related PPP loan from the SBA of $5,564.00 in August, 2020.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5682958210

Loan Size:

$5,564

Jobs Retained:

1

Loan Approved:

2020-08-08

Loan Status:

Ongoing Loan

Lender:

MBE Capital Partners

King Transport Xpress LLC in Brunswick, GA received a Paycheck Protection Loan of $5,564 through MBE Capital Partners, which was approved in August, 2020.

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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, King Transport Xpress LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,564

Business Information - King Transport Xpress LLC in Brunswick, GA

King Transport Xpress LLC
Brunswick, GA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Glynn County, GA — SBA Office 0405 — Congressional District: GA-01

Similar Companies near Brunswick

In the Brunswick area, 7 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 1) and received an average PPP loan of $76,801 (compared to this company's $5,564).

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, 300% higher than King Transport Xpress LLC's reported 1 employees, and received an average PPP loan of $37,520, 574% higher than this company's loan of $5,564.

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/king-transport-xpress-llc-brunswick-ga