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PPP Loan Data — LAX, LLC,
Hooksett, NH
LAX, LLC
Entity: Limited Liability Company (LLC)
Industry: General Freight Trucking, Long-Distance, Less Than Truckload
Location: Hooksett, NH
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LAX, LLC is a limited liability company (LLC) located at 15 Cross Road in Hooksett, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $4,228,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
380Loan Approved:
2020-04-13Lender:
PACIFIC MERCANTILE BANKLAX, LLC in Hooksett, NH received a Paycheck Protection Loan of $4.23M through PACIFIC MERCANTILE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LAX, LLC's total 2019 payroll expenses were approximately $20.3M in order to qualify for the PPP loan amount received.
Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $53,418 per employee1.
Business Information - LAX, LLC in Hooksett, NH
15 Cross Road
Hooksett, NH 03106
Business Industry
General Freight Trucking, Long-Distance, Less Than Truckload (NAICS code 484122)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NH-01Similar Companies near Hooksett
In the Hooksett 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 192 employees (compared to this company's 380) and received an average PPP loan of $2,150,150 (compared to this company's $4.23M).
Similar Nearby Businesses Who Received PPP Funding:
DBA W D Lawler Transportaion Service
Hooksett, NH
Industry PPP Comparison Statistics
Nationwide, 3,886 businesses in the "General Freight Trucking, Long-Distance, Less Than Truckload" industry received a total of $330,228,634.00 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 6 employees, 98% lower than LAX, LLC's reported 380 employees, and received an average PPP loan of $84,979, 98% lower than this company's loan of $4.23M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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