PPP Loan Data — Landstar Logistics, Inc, Antioch, TN
Landstar Logistics, Inc
Location: Antioch, TNTweet This • Search All PPP Data
Landstar Logistics, Inc is a corporation located at 6140 Firelight Trl in Antioch, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,241.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Landstar Logistics, Inc in Antioch, TN received a Paycheck Protection Loan of $25,241 through Bank of America, National Association, which was approved in May, 2020.
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, Landstar Logistics, Inc's 2019 payroll expenses are estimated to be at least $121,157.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,386 per employee1
Reported PPP Proceed Usage:
On the PPP application, Landstar Logistics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,241
Business Information - Landstar Logistics, Inc in Antioch, TN
6140 Firelight Trl
Antioch, TN 37013
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Antioch
In the Antioch area, 97 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $23,944 (compared to this company's $25,241).
Similar Nearby Businesses Who Received PPP Funding:
LT Professional Trucking LLC
T & S Transport LLC
Austin Taylor Logistics LLC
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, the same amount reported by Landstar Logistics, Inc and received an average PPP loan of $39,939, 58% higher than this company's loan of $25,241.
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