PPP Loan Data — Traditional Logistics & Carthage, LLC, Simpsonville, KY
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
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.
Business Information - Traditional Logistics & Carthage, LLC in Simpsonville, KY
122 Citizens Blvd
Simpsonville, KY 40067
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Valiant Management And Holdings, LLC
New Model Logistics LLC
Titan Transportation Services, LLC
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.
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Footnotes & Information
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