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PPP Loan Data — Titus Transport Holdings, LLC, Ponder, TX

SBA PPP loan data, payroll data, and salaries for Titus Transport Holdings, LLC
TX

Titus Transport Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Freight Transportation Arrangement

Location: Ponder, TX

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Titus Transport Holdings, LLC is a limited liability company (LLC) located at 7400 Fm 2449 in Ponder, Texas that received a Coronavirus-related PPP loan from the SBA of $6,436,393.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$6.44M

Jobs Retained:

460

Loan Approved:

2020-05-22

Lender:

TEXAS REPUBLIC BANK, NATIONAL ASSOCIATION

Titus Transport Holdings, LLC received a Paycheck Protection Loan of $6.44M through TEXAS REPUBLIC BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Titus Transport Holdings, LLC's total 2019 payroll expenses were approximately $30.89M in order to qualify for the PPP loan amount received.

Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $67,162 per employee1.

Because the loan received by Titus Transport Holdings, LLC 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 - Titus Transport Holdings, LLC in Ponder, TX

Titus Transport Holdings, LLC
7400 Fm 2449
Ponder, TX 76259

Business Industry

Freight Transportation Arrangement (NAICS code 488510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-26

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, 98% lower than Titus Transport Holdings, LLC's reported 460 employees, and received an average PPP loan of $119,776, 98% lower than this company's loan of $6.44M.

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.

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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/titus-transport-holdings-llc-ponder-tx