PPP Loan Data — Logistics Plus Inc, Erie, PA
Logistics Plus Inc is a subchapter s corporation located at 1406 Peach St in Erie, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,667,400.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Logistics Plus Inc received a Paycheck Protection Loan of $3.67M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Logistics Plus Inc's total 2019 payroll expenses were approximately $17.6M in order to qualify for the PPP loan amount received.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $65,441 per employee1.
Business Information - Logistics Plus Inc in Erie, PA
1406 Peach St
Erie, PA 16501
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-16
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 96% lower than Logistics Plus Inc's reported 269 employees, and received an average PPP loan of $119,776, 97% lower than this company's loan of $3.67M.
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Footnotes & Information
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