PPP Loan Data — Pacific Shipping And Trucking, Highlands Ranch, CO
Pacific Shipping And Trucking
Location: Highlands Ranch, COTweet This • Search All PPP Data
Pacific Shipping And Trucking is a corporation located at 1805 Shea Center Drive in Highlands Ranch, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,830,458.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 136 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Great Western Bank
Pacific Shipping And Trucking in Highlands Ranch, CO received a Paycheck Protection Loan of $1.83M through Great Western Bank, 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 May, 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, Pacific Shipping And Trucking's 2019 payroll expenses are estimated to be at least $8.79M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $64,604 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Shipping And Trucking reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,830,458
Business Information - Pacific Shipping And Trucking in Highlands Ranch, CO
1805 Shea Center Drive
Highlands Ranch, CO 80129
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Highlands Ranch
In the Highlands Ranch area, 3 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 136) and received an average PPP loan of $669,906 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
Ebele Bros Trucking LLC
JLJ Trucking, LLC
Hghlnds Ranch, CO
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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 3 employees, 98% lower than Pacific Shipping And Trucking's reported 136 employees, and received an average PPP loan of $39,939, 98% lower than this company's loan of $1.83M.
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Footnotes & Information
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