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PPP Loan Data — Total Transit Inc., Scottsdale, AZ

SBA PPP loan data, payroll data, and salaries for Total Transit Inc.
AZ

Total Transit Inc.

Entity: Corporation

Industry: Mixed Mode Transit Systems

Location: Scottsdale, AZ

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Total Transit Inc. is a corporation located at 6421 E. Lafayette Blvd in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $5,394,000.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 485 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.39M

Jobs Retained:

485

Loan Approved:

2020-04-09

Lender:

EAST WEST BANK

Total Transit Inc. in Scottsdale, AZ received a Paycheck Protection Loan of $5.39M through EAST WEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Total Transit Inc.'s total 2019 payroll expenses were approximately $25.89M in order to qualify for the PPP loan amount received.

Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $53,384 per employee1.

Because the loan received by Total Transit Inc. 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 - Total Transit Inc. in Scottsdale, AZ

Total Transit Inc.
6421 E. Lafayette Blvd
Scottsdale, AZ 85251

Business Industry

Mixed Mode Transit Systems (NAICS code 485111)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: AZ-06

Industry PPP Comparison Statistics

Nationwide, 346 businesses in the "Mixed Mode Transit Systems" industry received a total of $41,170,466.00 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 12 employees, 98% lower than Total Transit Inc.'s reported 485 employees, and received an average PPP loan of $118,990, 98% lower than this company's loan of $5.39M.

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, 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/total-transit-inc-scottsdale-az