PPP Loan Data — Toka Logistics, Memphis, TN
Toka Logistics is a sole proprietorship located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $15,000.00 in February, 2021.
The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Active Un-Disbursed
Lender:Itria Ventures LLC
Toka Logistics in Memphis, TN received a Paycheck Protection Loan of $15,000 through Itria Ventures LLC, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $15,000 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 2021.
Reported PPP Proceed Usage:
On the PPP application, Toka Logistics reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $14,996
- Utilities: $1
Business Information - Toka Logistics in Memphis, TN
* Full address is redacted to protect the privacy of individuals.
Freight Transportation Arrangement
NAICS code 488510
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Memphis
In the Memphis area, 14 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 1) and received an average PPP loan of $239,583 (compared to this company's $15,000).
Similar Nearby Businesses Who Received PPP Funding:
W.s. Thomas Trucking, Inc
Corporate Aviation Service, Inc
Freightline Carrier Systems USA, Inc
V. Alexander & Co., Inc
Curtis Marks DBA None
Kingston Transport Inc
Tucker Transportation Agency Inc
Industry PPP Comparison Statistics
Nationwide, 17,889 businesses in the "Freight Transportation Arrangement" industry received a total of $1.71B 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 9 employees, 800% higher than Toka Logistics' reported 1 employees, and received an average PPP loan of $95,487, 537% higher than this company's loan of $15,000.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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