PPP Loan Data — New World Van Lines, Inc., Chicago, IL
New World Van Lines, Inc. is a subchapter s corporation located at 5875 N Rogers Avenue in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,650,668.00 in April, 2020.
$ PPP Loan Information
Lender:BEVERLY BANK & TRUST COMPANY, NATIONAL ASSOCIATION
New World Van Lines, Inc. in Chicago, IL received a Paycheck Protection Loan of $4.65M through BEVERLY BANK & TRUST COMPANY, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, New World Van Lines, Inc.'s total 2019 payroll expenses were approximately $22.32M in order to qualify for the PPP loan amount received.
Based on their reported 311 jobs retained, this equals an estimated average yearly compensation of $71,779 per employee1.
Business Information - New World Van Lines, Inc. in Chicago, IL
5875 N Rogers Avenue
Chicago, IL 60646
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-05
Similar Companies near Chicago
In the Chicago area, 6 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 311) and received an average PPP loan of $821,677 (compared to this company's $4.65M).
Similar Nearby Businesses Who Received PPP Funding:
OWL Express, LTD
New World Transportation Systems Corp.
NIC Express LLC
DEW Distribution Services Inc
New World International, LTD
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, 97% lower than New World Van Lines, Inc.'s reported 311 employees, and received an average PPP loan of $119,776, 97% lower than this company's loan of $4.65M.
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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