PPP Loan Data — Mobile Air Transport Inc, Latham, NY
Mobile Air Transport Inc is a corporation located at 12 Runway Ave in Latham, New York that received a Coronavirus-related PPP loan from the SBA of $1,788,952.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 144 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Mobile Air Transport Inc in Latham, NY received a Paycheck Protection Loan of $1.79M through KeyBank National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Mobile Air Transport Inc's 2019 payroll expenses are estimated to be at least $8.59M.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $59,632 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mobile Air Transport Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,788,952
Business Information - Mobile Air Transport Inc in Latham, NY
12 Runway Ave
Latham, NY 12110
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Latham
In the Latham area, 7 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 144) and received an average PPP loan of $354,861 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
Warbird Factory LLC
Shaker Transport, Inc
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 Mobile Air Transport Inc's reported 144 employees, and received an average PPP loan of $37,520, 98% lower than this company's loan of $1.79M.
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Footnotes & Information
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