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

PPP Loan Data — Reliant Trucking Incorporated, Honolulu, HI

ALERT: There are 2 PPP loans for a total of $199,301 in our database for businesses with the name "Reliant Trucking Incorporated" in Honolulu, HI. 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 Reliant Trucking Incorporated
HI

Reliant Trucking Incorporated

Entity: Corporation

Industry: General Freight Trucking, Local

Location: Honolulu, HI

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Reliant Trucking Incorporated is a corporation located at 7197 Koamano St in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $84,101.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #3451718310

Loan Size:

$84,101

Jobs Retained:

7

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Readycap Lending, LLC

Reliant Trucking Incorporated in Honolulu, HI received a Paycheck Protection Loan of $84,101 through Readycap Lending, LLC, 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, Reliant Trucking Incorporated's 2019 payroll expenses are estimated to be at least $403,685.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $57,669 per employee1

Reported PPP Proceed Usage:

On the PPP application, Reliant Trucking Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $84,101

Business Information - Reliant Trucking Incorporated in Honolulu, HI

Reliant Trucking Incorporated
7197 Koamano St
Honolulu, HI 96825

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Honolulu County, HI — SBA Office 0951 — Congressional District: HI-01

Similar Companies near Honolulu

In the Honolulu area, 13 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 7) and received an average PPP loan of $34,638 (compared to this company's $84,101).

Industry PPP Comparison Statistics

Nationwide, 159,961 businesses in the "General Freight Trucking, Local" industry received a total of $6.3B 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, 43% lower than Reliant Trucking Incorporated's reported 7 employees, and received an average PPP loan of $39,355, 53% lower than this company's loan of $84,101.

SBA PPP loan data, payroll data, and salaries for Reliant Trucking Incorporated
HI

Reliant Trucking Incorporated

Entity: Corporation

Industry: Food Service Contractors

Location: Honolulu, HI

Search All PPP Data

Reliant Trucking Incorporated is a corporation located at 7197 Koamano St in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $115,200.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #7246677107

Loan Size:

$115,200

Jobs Retained:

10

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Customers Bank

Reliant Trucking Incorporated in Honolulu, HI received a Paycheck Protection Loan of $115,200 through Customers Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

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, Reliant Trucking Incorporated's 2019 payroll expenses are estimated to be at least $552,960.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $55,296 per employee1

Reported PPP Proceed Usage:

On the PPP application, Reliant Trucking Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $115,200

Business Information - Reliant Trucking Incorporated in Honolulu, HI

Reliant Trucking Incorporated
7197 Koamano St
Honolulu, HI 96825

Business Industry:
Food Service Contractors
NAICS code 722310

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Honolulu County, HI — SBA Office 0951 — Congressional District: HI-01

Similar Companies near Honolulu

In the Honolulu area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 136 employees (compared to this company's 10) and received an average PPP loan of $2,581,438 (compared to this company's $115,200).

Industry PPP Comparison Statistics

Nationwide, 31,163 businesses in the "Food Service Contractors" industry received a total of $1.84B 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 8 employees, 20% lower than Reliant Trucking Incorporated's reported 10 employees, and received an average PPP loan of $59,189, 49% lower than this company's loan of $115,200.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/reliant-trucking-incorporated-honolulu-hi