PPP Loan Data — Safe Way Transport LLC, Jackson, MS
Safe Way Transport LLC
Entity: Limited Liability Company (LLC)
Location: Jackson, MSTweet This • Search All PPP Data
Safe Way Transport LLC is a limited liability company (LLC) located at 207 Sstate St in Jackson, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Trustmark National Bank
Safe Way Transport LLC in Jackson, MS received a Paycheck Protection Loan of $25,000 through Trustmark National 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, Safe Way Transport LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Safe Way Transport LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Safe Way Transport LLC in Jackson, MS
207 Sstate St
Jackson, MS 39201
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Jackson
In the Jackson area, 3 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $9,559 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
DC Onward Inc
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, 40% lower than Safe Way Transport LLC's reported 10 employees, and received an average PPP loan of $66,149, 165% higher than this company's loan of $25,000.
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