PPP Loan Data — Spot Freight, Inc., Indianapolis, IN
Spot Freight, Inc. is a subchapter s corporation located at 141 S Meridian St in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,498,100.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:STOCK YARDS BANK & TRUST COMPANY
Spot Freight, Inc. received a Paycheck Protection Loan of $2.5M through STOCK YARDS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spot Freight, Inc.'s total 2019 payroll expenses were approximately $11.99M in order to qualify for the PPP loan amount received.
Unlike most businesses, Spot Freight, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Spot Freight, Inc. in Indianapolis, IN
141 S Meridian St
Indianapolis, IN 46225
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-07
Similar Companies near Indianapolis
In the Indianapolis area, 4 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 0) and received an average PPP loan of $645,550 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Red Technologies, LLC
Kendall Dullen Jr
Bando Korean Restaurant
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, and received an average PPP loan of $119,776, 95% lower than this company's loan of $2.5M.
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Footnotes & Information
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