PPP Loan Data — System Freight Inc, Jamesburg, NJ
System Freight Inc is a subchapter s corporation located at 7 Centre Dr Ste 5 in Jamesburg, New Jersey that received a Coronavirus-related PPP loan from the SBA of $7,985,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
System Freight Inc received a Paycheck Protection Loan of $7.99M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, System Freight Inc's total 2019 payroll expenses were approximately $38.33M in order to qualify for the PPP loan amount received.
Unlike most businesses, System Freight 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 - System Freight Inc in Jamesburg, NJ
7 Centre Dr Ste 5
Jamesburg, NJ 8831
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-12
Similar Companies near Jamesburg
In the Jamesburg area, 25 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $726,052 (compared to this company's $7.99M).
Similar Nearby Businesses Who Received PPP Funding:
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LJC Transport Services, Inc.
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JET Messenger Service, Inc.
Kimbas Trucking LLC
Woodbridge Township, NJ
Gursar Trucking Inc
V B C Trucking Corp
Dipinto International Logistics, Corp.
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Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, and received an average PPP loan of $60,879, 99% lower than this company's loan of $7.99M.
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Footnotes & Information
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