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PPP Loan Data — T Square Logistics Services Corporation, Colorado Springs, CO

SBA PPP loan data, payroll data, and salaries for T Square Logistics Services Corporation
CO

T Square Logistics Services Corporation

Entity: Corporation

Industry: General Automotive Repair

Location: Colorado Springs, CO

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T Square Logistics Services Corporation is a corporation located at 1625 Tuskegee Pl Unit 170 in Colorado Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,784,180.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.78M

Jobs Retained:

257

Loan Approved:

2020-04-13

Lender:

THE PUEBLO BANK AND TRUST COMPANY

T Square Logistics Services Corporation received a Paycheck Protection Loan of $3.78M through THE PUEBLO BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, T Square Logistics Services Corporation's total 2019 payroll expenses were approximately $18.16M in order to qualify for the PPP loan amount received.

Based on their reported 257 jobs retained, this equals an estimated average yearly compensation of $70,677 per employee1.

Because the loan received by T Square Logistics Services Corporation 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 - T Square Logistics Services Corporation in Colorado Springs, CO

T Square Logistics Services Corporation
1625 Tuskegee Pl Unit 170
Colorado Springs, CO 80915

Business Industry

General Automotive Repair (NAICS code 811111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-05

Similar Companies near Colorado Springs

In the Colorado Springs area, 21 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 257) and received an average PPP loan of $223,384 (compared to this company's $3.78M).

Industry PPP Comparison Statistics

Nationwide, 53,447 businesses in the "General Automotive Repair" industry received a total of $2,671,701,258.00 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, 98% lower than T Square Logistics Services Corporation's reported 257 employees, and received an average PPP loan of $49,988, 99% lower than this company's loan of $3.78M.

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/t-square-logistics-services-corporation-colorado-springs-co