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PPP Loan Data — Legacy Transportation Services, Inc, San Jose, CA

SBA PPP loan data, payroll data, and salaries for Legacy Transportation Services, Inc
CA

Legacy Transportation Services, Inc

Entity: Corporation

Industry: Used Household and Office Goods Moving

Location: San Jose, CA

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Legacy Transportation Services, Inc is a corporation located at 935 Mc Laughlin Ave in San Jose, California that received a Coronavirus-related PPP loan from the SBA of $3,652,100.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 205 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.65M

Jobs Retained:

205

Loan Approved:

2020-04-06

Lender:

CITY NATIONAL BANK

Legacy Transportation Services, Inc in San Jose, CA received a Paycheck Protection Loan of $3.65M through CITY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Legacy Transportation Services, Inc's total 2019 payroll expenses were approximately $17.53M in order to qualify for the PPP loan amount received.

Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $85,513 per employee1.

Because the loan received by Legacy Transportation Services, Inc 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 - Legacy Transportation Services, Inc in San Jose, CA

Legacy Transportation Services, Inc
935 Mc Laughlin Ave
San Jose, CA 95122

Business Industry

Used Household and Office Goods Moving (NAICS code 484210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: CA-19

Similar Companies near San Jose

In the San Jose area, 3 businesses in the "Used Household and Office Goods Moving" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 205) and received an average PPP loan of $1,260,698 (compared to this company's $3.65M).

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Used Household and Office Goods Moving" industry received a total of $552,575,618.00 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 14 employees, 93% lower than Legacy Transportation Services, Inc's reported 205 employees, and received an average PPP loan of $137,594, 96% lower than this company's loan of $3.65M.

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/legacy-transportation-services-inc-san-jose-ca