PPP Loan Data — Shipex Inc., Salt Lake City, UT
Shipex Inc. is a corporation located at 376 E 400 S in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $5,847,725.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 428 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Shipex Inc. received a Paycheck Protection Loan of $5.85M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shipex Inc.'s total 2019 payroll expenses were approximately $28.07M in order to qualify for the PPP loan amount received.
Based on their reported 428 jobs retained, this equals an estimated average yearly compensation of $65,582 per employee1.
Business Information - Shipex Inc. in Salt Lake City, UT
376 E 400 S
Salt Lake City, UT 84111
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: UT-02
Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 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 5 employees, 99% lower than Shipex Inc.'s reported 428 employees, and received an average PPP loan of $60,879, 99% lower than this company's loan of $5.85M.
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Footnotes & Information
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