PPP Loan Data — NU-Way Logistics, Inc., Bloomington, IL
NU-Way Logistics, Inc.
Location: Bloomington, ILTweet This • Search All PPP Data
NU-Way Logistics, Inc. is a corporation located at 2 Access Way in Bloomington, Illinois that received a Coronavirus-related PPP loan from the SBA of $6,446,737.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 444 people during the applicable loan loan period.
$ PPP Loan Information
Lender:STATE BANK OF GRAYMONT
NU-Way Logistics, Inc. in Bloomington, IL received a Paycheck Protection Loan of $6.45M through STATE BANK OF GRAYMONT, which was approved in April, 2020.
Based on standard PPP eligibility rules, NU-Way Logistics, Inc.'s total 2019 payroll expenses were approximately $30.94M in order to qualify for the PPP loan amount received.
Based on their reported 444 jobs retained, this equals an estimated average yearly compensation of $69,694 per employee1.
Business Information - NU-Way Logistics, Inc. in Bloomington, IL
2 Access Way
Bloomington, IL 61705
General Freight Trucking, Long-Distance, Less Than Truckload (NAICS code 484122)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-18
Industry PPP Comparison Statistics
Nationwide, 3,886 businesses in the "General Freight Trucking, Long-Distance, Less Than Truckload" industry received a total of $330,228,634.00 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 6 employees, 99% lower than NU-Way Logistics, Inc.'s reported 444 employees, and received an average PPP loan of $84,979, 99% lower than this company's loan of $6.45M.
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