PPP Loan Data — Preferred Transport Corporation, Bakersfield, CA
Preferred Transport Corporation
Location: Bakersfield, CATweet This • Search All PPP Data
Preferred Transport Corporation is a corporation located at 13607 Pemberley Passage Ave in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $25,302.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Preferred Transport Corporation in Bakersfield, CA received a Paycheck Protection Loan of $25,302 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Preferred Transport Corporation's 2019 payroll expenses are estimated to be at least $121,450.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,725 per employee1
Reported PPP Proceed Usage:
On the PPP application, Preferred Transport Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,302
Business Information - Preferred Transport Corporation in Bakersfield, CA
13607 Pemberley Passage Ave
Bakersfield, CA 93311
Specialized Freight (except Used Goods) Trucking, Long-Distance
NAICS code 484230
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bakersfield
In the Bakersfield area, 18 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $20,713 (compared to this company's $25,302).
Similar Nearby Businesses Who Received PPP Funding:
CKJ Trucking Inc
Pineda Transport Inc
Jasvir Singh Sidhu
L G Logistics, Inc
Industry PPP Comparison Statistics
Nationwide, 35,019 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a total of $1.38B 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, 50% higher than Preferred Transport Corporation's reported 2 employees, and received an average PPP loan of $39,377, 56% higher than this company's loan of $25,302.
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