PPP Loan Data — Trailer Bridge Inc, Jacksonville, FL
Trailer Bridge Inc
Location: Jacksonville, FLTweet This • Search All PPP Data
Trailer Bridge Inc is a corporation located at 10405 New Berlin Road East in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $2,969,823.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Trailer Bridge Inc in Jacksonville, FL received a Paycheck Protection Loan of $2.97M through Wells Fargo Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Trailer Bridge Inc's 2019 payroll expenses are estimated to be at least $14.26M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $64,796 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trailer Bridge Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,969,823
Business Information - Trailer Bridge Inc in Jacksonville, FL
10405 New Berlin Road East
Jacksonville, FL 32226
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jacksonville
In the Jacksonville area, 31 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 220) and received an average PPP loan of $118,208 (compared to this company's $2.97M).
Similar Nearby Businesses Who Received PPP Funding:
C&O Trucking LLC
Pedro Baquero Rodriguez
A Dream Transport LLC
Grizzly Transportation & Logistics, LLC
Autobahn Transport Inc
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 99% lower than Trailer Bridge Inc's reported 220 employees, and received an average PPP loan of $39,939, 99% lower than this company's loan of $2.97M.
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