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

PPP Loan Data — Rappleye Brothers Trucking LLC, Horton, MI

ALERT: There are 2 PPP loans for a total of $69,275 in our database for businesses with the name "Rappleye Brothers Trucking LLC" in Horton, MI. 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 Rappleye Brothers Trucking LLC
MI

Rappleye Brothers Trucking LLC

Entity: Limited Liability Company (LLC)

Industry: Specialized Freight (except Used Goods) Trucking, Local

Location: Horton, MI

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Rappleye Brothers Trucking LLC is a limited liability company (LLC) located at 8676 Sears Rd in Horton, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,145.00 in January, 2021.

$ PPP Loan Information
Loan #8308108304

Loan Size:

$25,145

Jobs Retained:

6

Loan Approved:

2021-01-29

Loan Status:

Ongoing Loan

Lender:

County National Bank

Rappleye Brothers Trucking LLC in Horton, MI received a Paycheck Protection Loan of $25,145 through County National Bank, which was approved in January, 2021.

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

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, Rappleye Brothers Trucking LLC's 2019 payroll expenses are estimated to be at least $120,696.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,116 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rappleye Brothers Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,144
  • Utilities: $1

Business Information - Rappleye Brothers Trucking LLC in Horton, MI

Rappleye Brothers Trucking LLC
8676 Sears Rd
Horton, MI 49246

Business Industry:
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220

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: Rural

Jackson County, MI — SBA Office 0515 — Congressional District: MI-07

Industry PPP Comparison Statistics

Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, the same amount reported by Rappleye Brothers Trucking LLC and received an average PPP loan of $66,149, 163% higher than this company's loan of $25,145.

SBA PPP loan data, payroll data, and salaries for Rappleye Brothers Trucking LLC
MI

Rappleye Brothers Trucking LLC

Entity: Limited Liability Company (LLC)

Industry: Specialized Freight (except Used Goods) Trucking, Local

Location: Horton, MI

Search All PPP Data

Rappleye Brothers Trucking LLC is a limited liability company (LLC) located at 8676 Sears Rd in Horton, Michigan that received a Coronavirus-related PPP loan from the SBA of $44,130.00 in April, 2020.

$ PPP Loan Information
Loan #7020537010

Loan Size:

$44,130

Jobs Retained:

4

Loan Approved:

2020-04-07

Loan Status:

Ongoing Loan

Lender:

County National Bank

Rappleye Brothers Trucking LLC in Horton, MI received a Paycheck Protection Loan of $44,130 through County National Bank, which was approved in April, 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

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, Rappleye Brothers Trucking LLC's 2019 payroll expenses are estimated to be at least $211,824.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $52,956 per employee1

Reported PPP Proceed Usage:

On the PPP application, Rappleye Brothers Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $44,130

Business Information - Rappleye Brothers Trucking LLC in Horton, MI

Rappleye Brothers Trucking LLC
8676 Sears Rd
Horton, MI 49246

Business Industry:
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220

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: Rural

Jackson County, MI — SBA Office 0515 — Congressional District: MI-07

Industry PPP Comparison Statistics

Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, 50% higher than Rappleye Brothers Trucking LLC's reported 4 employees, and received an average PPP loan of $66,149, 50% higher than this company's loan of $44,130.

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.


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Source: www.federalpay.org/paycheck-protection-program/rappleye-brothers-trucking-llc-horton-mi