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PPP Loan Data — LAX, LLC, Hooksett, NH

SBA PPP loan data, payroll data, and salaries for LAX, LLC
NH

LAX, LLC

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Long-Distance, Less Than Truckload

Location: Hooksett, NH

Search All PPP Data

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:

$4.23M

Jobs Retained:

380

Loan Approved:

2020-04-13

Lender:

PACIFIC MERCANTILE BANK

LAX, 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.

Because the loan received by LAX, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - LAX, LLC in Hooksett, NH

LAX, LLC
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-01

Similar 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

$71,400 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lax-llc-hooksett-nh