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PPP Loan Data — Traditional Logistics & Carthage, LLC,
Simpsonville, KY
Traditional Logistics & Carthage, LLC
Entity: Limited Liability Company (LLC)
Industry: Freight Transportation Arrangement
Location: Simpsonville, KY
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Traditional Logistics & Carthage, LLC is a limited liability company (LLC) located at 122 Citizens Blvd in Simpsonville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $5,516,300.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 448 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
448Loan Approved:
2020-04-15Lender:
CITIZENS UNION BANK OF SHELBYVILLETraditional Logistics & Carthage, LLC in Simpsonville, KY received a Paycheck Protection Loan of $5.52M through CITIZENS UNION BANK OF SHELBYVILLE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Traditional Logistics & Carthage, LLC's total 2019 payroll expenses were approximately $26.48M in order to qualify for the PPP loan amount received.
Based on their reported 448 jobs retained, this equals an estimated average yearly compensation of $59,103 per employee1.
Business Information - Traditional Logistics & Carthage, LLC in Simpsonville, KY
122 Citizens Blvd
Simpsonville, KY 40067
Business Industry
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: Unreported
Congressional District: KY-04Similar Companies near Simpsonville
In the Simpsonville area, 4 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 165 employees (compared to this company's 448) and received an average PPP loan of $1,850,200 (compared to this company's $5.52M).
Similar Nearby Businesses Who Received PPP Funding:
Valiant Management And Holdings, LLC
Simpsonville, KY
New Model Logistics LLC
Simpsonville, KY
Titan Transportation Services, LLC
Simpsonville, KY
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 Traditional Logistics & Carthage, LLC's reported 448 employees, and received an average PPP loan of $119,776, 98% lower than this company's loan of $5.52M.
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.
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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