PPP Loan Data — L & D Drivers Service, Inc., Maywood, IL
L & D Drivers Service, Inc.
Location: Maywood, ILTweet This • Search All PPP Data
L & D Drivers Service, Inc. is a corporation located at 111 S. 7th Ave in Maywood, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,607,500.00 in April, 2020.
$ PPP Loan Information
Lender:LIBERTYVILLE BANK & TRUST COMPANY, NATIONAL ASSOCIATION
L & D Drivers Service, Inc. in Maywood, IL received a Paycheck Protection Loan of $3.61M through LIBERTYVILLE BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, L & D Drivers Service, Inc.'s total 2019 payroll expenses were approximately $17.32M in order to qualify for the PPP loan amount received.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $70,105 per employee1.
Business Information - L & D Drivers Service, Inc. in Maywood, IL
111 S. 7th Ave
Maywood, IL 60153
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-07
Similar Companies near Maywood
In the Maywood area, 6 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 247) and received an average PPP loan of $708,895 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
MTB Transportation Inc
Stark Service, Inc
Regional Logistics Inc
Paris Transportation LLC
ETN Logistics LLC
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 97% lower than L & D Drivers Service, Inc.'s reported 247 employees, and received an average PPP loan of $85,295, 98% lower than this company's loan of $3.61M.
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