PPP Loan Data — Syfan Logistics Inc, Gainesville, GA
Syfan Logistics Inc is a corporation located at 2037 Old Candler Rd in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,585,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PEACH STATE BANK & TRUST
Syfan Logistics Inc received a Paycheck Protection Loan of $2.59M through PEACH STATE BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Syfan Logistics Inc's total 2019 payroll expenses were approximately $12.41M in order to qualify for the PPP loan amount received.
Unlike most businesses, Syfan Logistics Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Syfan Logistics Inc in Gainesville, GA
2037 Old Candler Rd
Gainesville, GA 30507
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-09
Similar Companies near Gainesville
In the Gainesville area, 3 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $939,000 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Elliott Transport, Inc.
Shoreline Transfer Express
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, and received an average PPP loan of $119,776, 95% lower than this company's loan of $2.59M.
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Footnotes & Information
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