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PPP Loan Data — Traditional Logistics & Carthage, LLC, Simpsonville, KY

SBA PPP loan data, payroll data, and salaries for Traditional Logistics & Carthage, LLC
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:

$5.52M

Jobs Retained:

448

Loan Approved:

2020-04-15

Lender:

CITIZENS UNION BANK OF SHELBYVILLE

Traditional 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.

Because the loan received by Traditional Logistics & Carthage, LLC 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 - Traditional Logistics & Carthage, LLC in Simpsonville, KY

Traditional Logistics & Carthage, LLC
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-04

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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/traditional-logistics-and-carthage-llc-simpsonville-ky