PPP Loan Data — National Transportation Services Inc, Inglewood, CA
National Transportation Services Inc is a corporation located at 8915 S La Cienega Blvd Ste E in Inglewood, California that received a Coronavirus-related PPP loan from the SBA of $46,415.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
National Transportation Services Inc in Inglewood, CA received a Paycheck Protection Loan of $46,415 through JPMorgan Chase Bank, National Association, which was approved 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, National Transportation Services Inc's 2019 payroll expenses are estimated to be at least $222,792.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,698 per employee1
Reported PPP Proceed Usage:
On the PPP application, National Transportation Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,413
- Utilities: $1
Business Information - National Transportation Services Inc in Inglewood, CA
8915 S La Cienega Blvd Ste E
Inglewood, CA 90301
Freight Transportation Arrangement
NAICS code 488510
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Inglewood
In the Inglewood area, 54 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $114,578 (compared to this company's $46,415).
Similar Nearby Businesses Who Received PPP Funding:
Express Line Corp
One Stop Logistics International Inc
Logistics Cargo Concept Inc
Solid Freight Corp
Rivera Air Freight Corp
ARS International Corporation
Industry PPP Comparison Statistics
Nationwide, 26,171 businesses in the "Freight Transportation Arrangement" industry received a total of $1.88B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 7 employees, 75% higher than National Transportation Services Inc's reported 4 employees, and received an average PPP loan of $72,001, 55% higher than this company's loan of $46,415.
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Footnotes & Information
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