PPP Loan Data — Super T Transport, Inc, Idaho Falls, ID
Super T Transport, Inc
Location: Idaho Falls, IDTweet This • Search All PPP Data
Super T Transport, Inc is a corporation located at 2535 N Blvd in Idaho Falls, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,674,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 239 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:D. L. Evans Bank
Super T Transport, Inc in Idaho Falls, ID received a Paycheck Protection Loan of $1.67M through D. L. Evans 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 May, 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, Super T Transport, Inc's 2019 payroll expenses are estimated to be at least $8.04M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $33,622 per employee1
Reported PPP Proceed Usage:
On the PPP application, Super T Transport, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,255,575
- Utilities: $209,263
- Mortgage Interest: $209,263
Business Information - Super T Transport, Inc in Idaho Falls, ID
2535 N Blvd
Idaho Falls, ID 83401
All Other Transit and Ground Passenger Transportation
NAICS code 485999
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Idaho Falls
In the Idaho Falls area, 2 businesses in the "All Other Transit and Ground Passenger Transportation" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 239) and received an average PPP loan of $838,000 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Idaho Falls, ID
Industry PPP Comparison Statistics
Nationwide, 34,986 businesses in the "All Other Transit and Ground Passenger Transportation" industry received a total of $815.61M 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, 99% lower than Super T Transport, Inc's reported 239 employees, and received an average PPP loan of $23,312, 99% lower than this company's loan of $1.67M.
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Footnotes & Information
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