PPP Loan Data — Ste.sunrise Trucking Express LLC, Carteret, NJ
Ste.sunrise Trucking Express LLC is a subchapter s corporation located at 1510 Roosevelt Ave Ste B in Carteret, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,325.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Ste.sunrise Trucking Express LLC in Carteret, NJ received a Paycheck Protection Loan of $25,325 through Quontic Bank, which was approved in July, 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.sunrise Trucking Express LLC's 2019 payroll expenses are estimated to be at least $121,560.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,312 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ste.sunrise Trucking Express LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,325
Business Information - Ste.sunrise Trucking Express LLC in Carteret, NJ
1510 Roosevelt Ave Ste B
Carteret, NJ 7008
Scenic and Sightseeing Transportation, Land
NAICS code 487110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,955 businesses in the "Scenic and Sightseeing Transportation, Land" industry received a total of $114.59M 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 9 employees, 80% higher than Ste.sunrise Trucking Express LLC's reported 5 employees, and received an average PPP loan of $58,612, 131% higher than this company's loan of $25,325.
FederalPay's PPP Information Policy
Footnotes & Information
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