PPP Loan Data — STE Trucking Inc, Homer Gleen, IL
STE Trucking Inc is a limited liability company (LLC) located at 1352 Oakwood Ct in Homer Gleen, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,895.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
STE Trucking Inc in Homer Gleen, IL received a Paycheck Protection Loan of $24,895 through BMO Harris Bank National Association, which was approved in May, 2020.
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, STE Trucking Inc's 2019 payroll expenses are estimated to be at least $119,496.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $14,937 per employee1
Reported PPP Proceed Usage:
On the PPP application, STE Trucking Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,895
Business Information - STE Trucking Inc in Homer Gleen, IL
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than STE Trucking Inc's reported 8 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,895.
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Footnotes & Information
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