PPP Loan Data — Total Transit Inc., Scottsdale, AZ
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
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.
Business Information - Total Transit Inc. in Scottsdale, AZ
6421 E. Lafayette Blvd
Scottsdale, AZ 85251
Mixed Mode Transit Systems (NAICS code 485111)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional 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.
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Footnotes & Information
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