PPP Loan Data — Luckey Trucking, Streator, IL
Luckey Trucking is a corporation located at 29988 N 00 E Rd in Streator, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,090,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 145 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Midland States Bank
Luckey Trucking in Streator, IL received a Paycheck Protection Loan of $2.09M through Midland States Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Luckey Trucking's 2019 payroll expenses are estimated to be at least $10.04M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $69,213 per employee1
Reported PPP Proceed Usage:
On the PPP application, Luckey Trucking reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
- Utilities: $90,800
Business Information - Luckey Trucking in Streator, IL
29988 N 00 E Rd
Streator, IL 61364
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Streator
In the Streator area, 11 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 145) and received an average PPP loan of $304,203 (compared to this company's $2.09M).
Similar Nearby Businesses Who Received PPP Funding:
Deke Trucking Inc
Jjj/T Enterprises Inc
Franco Express Inc
Calkins Transportation Inc
Kevin J Connell
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 97% lower than Luckey Trucking's reported 145 employees, and received an average PPP loan of $37,520, 98% lower than this company's loan of $2.09M.
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Footnotes & Information
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