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PPP Loan Data — Safe Drive Car Service LLC, River Edge, NJ

SBA PPP loan data, payroll data, and salaries for Safe Drive Car Service LLC
NJ

Safe Drive Car Service LLC

Entity: Limited Liability Company (LLC)

Industry: General Freight Trucking, Local

Location: River Edge, NJ

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Safe Drive Car Service LLC is a limited liability company (LLC) located in River Edge, New Jersey that received a Coronavirus-related PPP loan from the SBA of $5,750.00 in June, 2020.

The company has reported itself as an Asian male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8370007902

Loan Size:

$5,750

Jobs Retained:

1

Loan Approved:

2020-06-18

Loan Status:

Paid in Full or Forgiven

Lender:

Celtic Bank Corporation

Safe Drive Car Service LLC in River Edge, NJ received a Paycheck Protection Loan of $5,750 through Celtic Bank Corporation, which was approved in June, 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 August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Safe Drive Car Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,750

Business Information - Safe Drive Car Service LLC in River Edge, NJ

Safe Drive Car Service LLC
River Edge, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Local
NAICS code 484110

Business Owner Demographics

Race: Asian

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Bergen County, NJ — SBA Office 0299 — Congressional District: NJ-05

Similar Companies near River Edge

In the River Edge area, 29 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 1) and received an average PPP loan of $178,231 (compared to this company's $5,750).

Industry PPP Comparison Statistics

Nationwide, 172,322 businesses in the "General Freight Trucking, Local" industry received a total of $6.52B in PPP loans. These businesses account for 2% 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, 300% higher than Safe Drive Car Service LLC's reported 1 employees, and received an average PPP loan of $37,823, 558% higher than this company's loan of $5,750.

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/safe-drive-car-service-llc-river-edge-nj