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PPP Loan Data — Sunset Logistics, Inc., Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for Sunset Logistics, Inc.
TX

Sunset Logistics, Inc.

Entity: Subchapter S Corporation

Industry: Specialized Freight (except Used Goods) Trucking, Local

Location: Fort Worth, TX

Search All PPP Data

Sunset Logistics, Inc. is a subchapter s corporation located at 7200 Midway Rd in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $3,809,300.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.81M

Jobs Retained:

250

Loan Approved:

2020-04-13

Lender:

GUARANTY BANK & TRUST, NATIONAL ASSOCIATION

Sunset Logistics, Inc. received a Paycheck Protection Loan of $3.81M through GUARANTY BANK & TRUST, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sunset Logistics, Inc.'s total 2019 payroll expenses were approximately $18.28M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $73,139 per employee1.

Because the loan received by Sunset Logistics, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sunset Logistics, Inc. in Fort Worth, TX

Sunset Logistics, Inc.
7200 Midway Rd
Fort Worth, TX 76118

Business Industry

Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-12

Similar Companies near Fort Worth

In the Fort Worth area, 5 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 250) and received an average PPP loan of $773,895 (compared to this company's $3.81M).

Industry PPP Comparison Statistics

Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 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 7 employees, 97% lower than Sunset Logistics, Inc.'s reported 250 employees, and received an average PPP loan of $85,295, 98% lower than this company's loan of $3.81M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sunset-logistics-inc-fort-worth-tx