PPP Loan Data — R F Transport, LLC, Quanah, TX
R F Transport, LLC is a limited liability company (LLC) located at 106 King Street in Quanah, Texas that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Capital Bank
R F Transport, LLC in Quanah, TX received a Paycheck Protection Loan of $46,500 through First Capital Bank, which was approved in April, 2020.
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, R F Transport, LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, R F Transport, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - R F Transport, LLC in Quanah, TX
106 King Street
Quanah, TX 79252
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Quanah
In the Quanah area, 3 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $27,383 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
GBS Logistics LLC
Kelly L. Tyler
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 20% lower than R F Transport, LLC's reported 5 employees, and received an average PPP loan of $37,520, 19% lower than this company's loan of $46,500.
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Footnotes & Information
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