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PPP Loan Data — Reynold Transportation, Inc, San Antonio, TX

SBA PPP loan data, payroll data, and salaries for Reynold Transportation, Inc
TX

Reynold Transportation, Inc

Entity: Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: San Antonio, TX

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Reynold Transportation, Inc is a corporation located at 8755 Us Highway 87 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $5,004,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5M

Jobs Retained:

452

Loan Approved:

2020-04-08

Lender:

FROST BANK

Reynold Transportation, Inc received a Paycheck Protection Loan of $5M through FROST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Reynold Transportation, Inc's total 2019 payroll expenses were approximately $24.02M in order to qualify for the PPP loan amount received.

Based on their reported 452 jobs retained, this equals an estimated average yearly compensation of $53,146 per employee1.

Because the loan received by Reynold Transportation, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Reynold Transportation, Inc in San Antonio, TX

Reynold Transportation, Inc
8755 Us Highway 87
San Antonio, TX 78263

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-28

Similar Companies near San Antonio

In the San Antonio area, 2 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 227 employees (compared to this company's 452) and received an average PPP loan of $2,504,685 (compared to this company's $5M).

Similar Nearby Businesses Who Received PPP Funding:

Peter Thompson
San Antonio, TX

$4,770 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than Reynold Transportation, Inc's reported 452 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $5M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/reynold-transportation-inc-san-antonio-tx