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PPP Loan Data — Out West Express, LLC,
El Paso, TX
Out West Express, LLC
Entity: Limited Liability Company (LLC)
Industry: General Freight Trucking, Long-Distance, Truckload
Location: El Paso, TX
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Out West Express, LLC is a limited liability company (LLC) located at 11090 Gateway Blvd E in El Paso, Texas that received a Coronavirus-related PPP loan from the SBA of $3,641,277.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
394Loan Approved:
2020-04-11Lender:
BBVA USAOut West Express, LLC received a Paycheck Protection Loan of $3.64M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Out West Express, LLC's total 2019 payroll expenses were approximately $17.48M in order to qualify for the PPP loan amount received.
Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $44,361 per employee1.
Business Information - Out West Express, LLC in El Paso, TX
11090 Gateway Blvd E
El Paso, TX 79927
Business Industry
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-23Similar Companies near El Paso
In the El Paso area, 37 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 394) and received an average PPP loan of $323,627 (compared to this company's $3.64M).
Similar Nearby Businesses Who Received PPP Funding:
KNM Transport Inc
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Saint Laguna LLC
Horizon City, TX
J Padilla Transport LLC
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Open Road Transport LLC
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Javier Munoz DBA Provision Express
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Jose Aguero
Socorro, TX
Ruben Esparza Jr
El Paso, TX
Paruba Transport LLC
El Paso, TX
Sky Transportation Services, Inc.
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Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% 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, 98% lower than Out West Express, LLC's reported 394 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.64M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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