PPP Loan Data — Star Transportation, Greenwood, MS
Entity: Independent Contractor
Location: Greenwood, MSTweet This • Search All PPP Data
Star Transportation is an independent contractor located in Greenwood, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as an American indian or alaska native male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Star Transportation in Greenwood, MS received a Paycheck Protection Loan of $25,000 through Regions Bank, which was approved in April, 2020.
Reported PPP Proceed Usage:
On the PPP application, Star Transportation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Star Transportation in Greenwood, MS
* Full address is redacted to protect the privacy of individuals.
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Race: American Indian or Alaska Native
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 Greenwood
In the Greenwood area, 31 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $15,764 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
LL & T Trucking Inc
Hopper Transport LLC
LM Watson LLC
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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, 200% higher than Star Transportation's reported 1 employees, and received an average PPP loan of $39,939, 60% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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