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PPP Loan Data — Pritchett Trucking, Inc,
Lake Butler, FL
Pritchett Trucking, Inc
Entity: Corporation
Industry: General Freight Trucking, Local
Location: Lake Butler, FL
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Pritchett Trucking, Inc is a corporation located at 1050 Se 6th St in Lake Butler, Florida that received a Coronavirus-related PPP loan from the SBA of $3,546,557.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
329Loan Approved:
2020-04-11Lender:
TD BANK, NATIONAL ASSOCIATIONPritchett Trucking, Inc in Lake Butler, FL received a Paycheck Protection Loan of $3.55M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pritchett Trucking, Inc's total 2019 payroll expenses were approximately $17.02M in order to qualify for the PPP loan amount received.
Based on their reported 329 jobs retained, this equals an estimated average yearly compensation of $51,743 per employee1.
Business Information - Pritchett Trucking, Inc in Lake Butler, FL
1050 Se 6th St
Lake Butler, FL 32054
Business Industry
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-03Similar Companies near Lake Butler
In the Lake Butler area, 11 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 329) and received an average PPP loan of $401,646 (compared to this company's $3.55M).
Similar Nearby Businesses Who Received PPP Funding:
Leonard Shaw
Lake Butler, FL
Rose N Shine Trucking
Lake Butler, FL
Liberty Trucking LLC
Lake Butler, FL
3-D Freight LLC
Lake City, FL
Christopher Jansen
Lake City, FL
John L Shadd Trucking LLC
Lake Butler, FL
Elixson Transport, Inc
Lake Butler, FL
Wade Feagle Enterprises, LLC
Lake City, FL
Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Pritchett Trucking, Inc's reported 329 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $3.55M.
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, 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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