PPP Loan Data — Spirit Transport Services,LLC, Rex, GA
Spirit Transport Services,LLC is a corporation located at 6636 Branch Drive in Rex, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Spirit Transport Services,LLC in Rex, GA received a Paycheck Protection Loan of $25,000 through Customers Bank, which was approved in April, 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, Spirit Transport Services,LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spirit Transport Services,LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Spirit Transport Services,LLC in Rex, GA
6636 Branch Drive
Rex, GA 30273
Food Service Contractors
NAICS code 722310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Rex
In the Rex area, 54 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 9) and received an average PPP loan of $18,951 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Shatora Jones Clay
Industry PPP Comparison Statistics
Nationwide, 38,610 businesses in the "Food Service Contractors" industry received a total of $2.01B 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, 33% lower than Spirit Transport Services,LLC's reported 9 employees, and received an average PPP loan of $52,102, 108% higher than this company's loan of $25,000.
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Footnotes & Information
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