PPP Loan Data — Legacy Transportation Services, Inc, San Jose, CA
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
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.
Business Information - Legacy Transportation Services, Inc in San Jose, CA
935 Mc Laughlin Ave
San Jose, CA 95122
Used Household and Office Goods Moving (NAICS code 484210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Goodmen Moving Inc
San Jose, CA
JTC Services, LLC
San Jose, CA
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.
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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