PPP Loan Data — KMR Trucking Inc, Modesto, CA
KMR Trucking Inc
Location: Modesto, CATweet This • Search All PPP Data
KMR Trucking Inc is a corporation located at 3721 Wilkesboro Avenue in Modesto, California that received a Coronavirus-related PPP loan from the SBA of $25,115.00 in August, 2020.
The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
KMR Trucking Inc in Modesto, CA received a Paycheck Protection Loan of $25,115 through Wells Fargo Bank, National Association, which was approved in August, 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 June, 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, KMR Trucking Inc's 2019 payroll expenses are estimated to be at least $120,552.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,110 per employee1
Reported PPP Proceed Usage:
On the PPP application, KMR Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,115
Business Information - KMR Trucking Inc in Modesto, CA
3721 Wilkesboro Avenue
Modesto, CA 95357
General Freight Trucking, Long-Distance, Less Than Truckload
NAICS code 484122
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Modesto
In the Modesto area, 2 businesses in the "General Freight Trucking, Long-Distance, Less Than Truckload" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 5) and received an average PPP loan of $121,993 (compared to this company's $25,115).
Similar Nearby Businesses Who Received PPP Funding:
Lopes Trucking Service Inc
Industry PPP Comparison Statistics
Nationwide, 12,141 businesses in the "General Freight Trucking, Long-Distance, Less Than Truckload" industry received a total of $564.45M 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 4 employees, 20% lower than KMR Trucking Inc's reported 5 employees, and received an average PPP loan of $46,492, 85% higher than this company's loan of $25,115.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!