PPP Loan Data — Taylored Services Parent Co.,, Ontario, CA
Taylored Services Parent Co., is a corporation located at 1495 E Locust St in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $1,961,200.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Taylored Services Parent Co., in Ontario, CA received a Paycheck Protection Loan of $1.96M through Fifth Third Bank, which was approved in May, 2020.
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, Taylored Services Parent Co.,'s 2019 payroll expenses are estimated to be at least $9.41M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $63,606 per employee1
Reported PPP Proceed Usage:
On the PPP application, Taylored Services Parent Co., reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,961,200
Business Information - Taylored Services Parent Co., in Ontario, CA
1495 E Locust St
Ontario, CA 91761
Freight Transportation Arrangement
NAICS code 488510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ontario
In the Ontario area, 27 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 148) and received an average PPP loan of $154,207 (compared to this company's $1.96M).
Similar Nearby Businesses Who Received PPP Funding:
Nationwide Trans Inc
Shin K Cargo International Inc
Blue Freight Transports Inc
Shine Shipping Inc
EC Trans Inc
Sims Trucking & Brokerage Inc
Industry PPP Comparison Statistics
Nationwide, 26,171 businesses in the "Freight Transportation Arrangement" industry received a total of $1.88B 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 7 employees, 95% lower than Taylored Services Parent Co.,'s reported 148 employees, and received an average PPP loan of $72,001, 96% lower than this company's loan of $1.96M.
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Footnotes & Information
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