PPP Loan Data — Three Way Logistics, Inc, Fremont, CA
Three Way Logistics, Inc is a corporation located at 42505 Christy St in Fremont, California that received a Coronavirus-related PPP loan from the SBA of $1,662,827.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Three Way Logistics, Inc in Fremont, CA received a Paycheck Protection Loan of $1.66M through MUFG Union Bank, National Association, 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, Three Way Logistics, Inc's 2019 payroll expenses are estimated to be at least $7.98M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $70,014 per employee1
Reported PPP Proceed Usage:
On the PPP application, Three Way Logistics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,662,827
Business Information - Three Way Logistics, Inc in Fremont, CA
42505 Christy St
Fremont, CA 94538
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 Fremont
In the Fremont area, 8 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 114) and received an average PPP loan of $357,089 (compared to this company's $1.66M).
Similar Nearby Businesses Who Received PPP Funding:
Sky2C Freight Systems Inc
Sky 2 C Freight Systems, Inc
Truck-Rail Handling, Inc
TCM Logistic Services Inc
Ardria Logistics Inc
Loogle Logistic 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, 94% lower than Three Way Logistics, Inc's reported 114 employees, and received an average PPP loan of $72,001, 96% lower than this company's loan of $1.66M.
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Footnotes & Information
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