PPP Loan Data — Skibo Transport Co, Loganville, GA
Skibo Transport Co
Location: Loganville, GATweet This • Search All PPP Data
Skibo Transport Co is a corporation located at 2161 Seths Ridge in Loganville, Georgia that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cache Valley Bank
Skibo Transport Co in Loganville, GA received a Paycheck Protection Loan of $47,000 through Cache Valley Bank, which was approved in July, 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 May, 2021.
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, Skibo Transport Co's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skibo Transport Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Skibo Transport Co in Loganville, GA
2161 Seths Ridge
Loganville, GA 30052
Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers
NAICS code 423860
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Loganville
In the Loganville area, 19 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 4) and received an average PPP loan of $18,527 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Sinclair Moving And Delivery
N Sinclair Enterprise
Industry PPP Comparison Statistics
Nationwide, 15,714 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a total of $612.65M 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 3 employees, 25% lower than Skibo Transport Co's reported 4 employees, and received an average PPP loan of $38,987, 17% lower than this company's loan of $47,000.
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