PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — People Haulers Inc, Lafayette, LA

ALERT: There are 2 PPP loans for a total of $863,119 in our database for businesses with the name "People Haulers Inc" in Lafayette, LA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for People Haulers Inc
LA

People Haulers Inc

Entity: Subchapter S Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Lafayette, LA

Search All PPP Data

People Haulers Inc is a subchapter s corporation located at 930 Hugh Wallis Rd S in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $472,923.00 in January, 2021.

$ PPP Loan Information
Loan #4572568303

Loan Size:

$472,923

Jobs Retained:

65

Loan Approved:

2021-01-23

Loan Status:

Paid in Full or Forgiven

Lender:

Loan Source Incorporated

People Haulers Inc in Lafayette, LA received a Paycheck Protection Loan of $472,923 through Loan Source Incorporated, which was approved in January, 2021.

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 February, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, People Haulers Inc's 2019 payroll expenses are estimated to be at least $2.27M.

Based on their reported 65 jobs retained, this equals an estimated average yearly compensation of $34,924 per employee1

Reported PPP Proceed Usage:

On the PPP application, People Haulers Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $472,918
  • Utilities: $1

Business Information - People Haulers Inc in Lafayette, LA

People Haulers Inc
930 Hugh Wallis Rd S
Lafayette, LA 70508

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lafayette County, LA — SBA Office 0679 — Congressional District: LA-03

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as People Haulers Inc.

Joseph Landry
Used Car Dealers

$26,288 PPP Loan

Similar Companies near Lafayette

In the Lafayette area, 144 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 65) and received an average PPP loan of $312,525 (compared to this company's $472,923).

Industry PPP Comparison Statistics

Nationwide, 20,747 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B 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 12 employees, 82% lower than People Haulers Inc's reported 65 employees, and received an average PPP loan of $185,312, 61% lower than this company's loan of $472,923.

SBA PPP loan data, payroll data, and salaries for People Haulers, Inc
LA

People Haulers, Inc

Entity: Subchapter S Corporation

Industry: Limousine Service

Location: Lafayette, LA

Search All PPP Data

People Haulers, Inc is a subchapter s corporation located at Hugh Wallis Rd in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $390,196.00 in April, 2020.

$ PPP Loan Information
Loan #8014867002

Loan Size:

$390,196

Jobs Retained:

65

Loan Approved:

2020-04-08

Loan Status:

Paid in Full or Forgiven

Lender:

b1BANK

People Haulers, Inc in Lafayette, LA received a Paycheck Protection Loan of $390,196 through b1BANK, 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, People Haulers, Inc's 2019 payroll expenses are estimated to be at least $1.87M.

Based on their reported 65 jobs retained, this equals an estimated average yearly compensation of $28,814 per employee1

Reported PPP Proceed Usage:

On the PPP application, People Haulers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $378,338
  • Utilities: $1,268
  • Debt Interest: $10,590

Business Information - People Haulers, Inc in Lafayette, LA

People Haulers, Inc
Hugh Wallis Rd
Lafayette, LA 70508

Business Industry:
Limousine Service
NAICS code 485320

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lafayette County, LA — SBA Office 0679 — Congressional District: LA-03

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as People Haulers, Inc.

Power Performance, Inc
Support Activities for Oil and Gas Operations

$450,198 PPP Loan

Similar Companies near Lafayette

In the Lafayette area, 2 businesses in the "Limousine Service" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 65) and received an average PPP loan of $269,917 (compared to this company's $390,196).

Similar Nearby Businesses Who Received PPP Funding:

Limousines LTD
Lafayette, LA

$149,637 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 27,206 businesses in the "Limousine Service" industry received a total of $646.78M 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, 95% lower than People Haulers, Inc's reported 65 employees, and received an average PPP loan of $23,773, 94% lower than this company's loan of $390,196.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/people-haulers-inc-lafayette-la