PPP Loan Data — Strac Logistics, LLC, Dallas, TX
Strac Logistics, LLC is a limited liability company (LLC) located at 6125 Luther Ln in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Strac Logistics, LLC in Dallas, TX received a Paycheck Protection Loan of $24,900 through Frost 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 June, 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, Strac Logistics, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Strac Logistics, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Strac Logistics, LLC in Dallas, TX
6125 Luther Ln
Dallas, TX 75225
All Other Support Activities for Transportation
NAICS code 488999
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: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 4 businesses in the "All Other Support Activities for Transportation" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $27,311 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Icehouse Operating LLC
Refrigerated Logistics, Inc
Davenport & Sons Excavations LLC
Industry PPP Comparison Statistics
Nationwide, 18,826 businesses in the "All Other Support Activities for Transportation" industry received a total of $765.1M 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, 50% higher than Strac Logistics, LLC's reported 4 employees, and received an average PPP loan of $40,641, 63% higher than this company's loan of $24,900.
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Footnotes & Information
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