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PPP Loan Data — Quiet Logistics, Inc.,
Devens, MA
Quiet Logistics, Inc.
Entity: Corporation
Industry: Couriers and Express Delivery Services
Location: Devens, MA
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Quiet Logistics, Inc. is a corporation located at 64 Jackson Rd in Devens, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $6,925,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-28Lender:
CIBC BANK USAQuiet Logistics, Inc. in Devens, MA received a Paycheck Protection Loan of $6.93M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Quiet Logistics, Inc.'s total 2019 payroll expenses were approximately $33.24M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $66,486 per employee1.
Business Information - Quiet Logistics, Inc. in Devens, MA
64 Jackson Rd
Devens, MA 01434
Business Industry
Couriers and Express Delivery Services (NAICS code 492110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MA-03Industry PPP Comparison Statistics
Nationwide, 5,089 businesses in the "Couriers and Express Delivery Services" industry received a total of $466,737,431.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 98% lower than Quiet Logistics, Inc.'s reported 500 employees, and received an average PPP loan of $91,715, 99% lower than this company's loan of $6.93M.
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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