PPP Loan Data — Kleckner Trucking, LLC, Osage, IA
Kleckner Trucking, LLC is a limited liability company (LLC) located at 3780 March Ave in Osage, Iowa that received a Coronavirus-related PPP loan from the SBA of $24,850.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Home Trust & Savings Bank
Kleckner Trucking, LLC in Osage, IA received a Paycheck Protection Loan of $24,850 through The Home Trust & Savings 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 January, 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, Kleckner Trucking, LLC's 2019 payroll expenses are estimated to be at least $119,280.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kleckner Trucking, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,850
Business Information - Kleckner Trucking, LLC in Osage, IA
3780 March Ave
Osage, IA 50461
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Osage
In the Osage area, 13 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $18,615 (compared to this company's $24,850).
Similar Nearby Businesses Who Received PPP Funding:
Jared R Bohr
Burkhardt Trucking & Livestock, Inc
A & H Transport, LLC
Wagner Trucking Inc
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, 43% lower than Kleckner Trucking, LLC's reported 7 employees, and received an average PPP loan of $37,520, 51% higher than this company's loan of $24,850.
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Footnotes & Information
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