PPP Loan Data — Total Logistics, Inc., Oakdale, MN
Total Logistics, Inc.
Entity: Subchapter S Corporation
Location: Oakdale, MNTweet This • Search All PPP Data
Total Logistics, Inc. is a subchapter s corporation located at 2900 Granada Lane North in Oakdale, Minnesota that received a Coronavirus-related PPP loan from the SBA of $7,856,570.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Total Logistics, Inc. in Oakdale, MN received a Paycheck Protection Loan of $7.86M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Total Logistics, Inc.'s total 2019 payroll expenses were approximately $37.71M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $75,423 per employee1.
Business Information - Total Logistics, Inc. in Oakdale, MN
2900 Granada Lane North
Oakdale, MN 55128
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-04
Similar Companies near Oakdale
In the Oakdale area, 5 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 500) and received an average PPP loan of $1,580,808 (compared to this company's $7.86M).
Similar Nearby Businesses Who Received PPP Funding:
Shamim Logistics LLC
Saint Paul, MN
Perry Horrisberger Inc
Saint Paul, MN
Hambly Enterprises, LLC
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Total Logistics, Inc.'s reported 500 employees, and received an average PPP loan of $80,292, 99% lower than this company's loan of $7.86M.
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