PPP Loan Data — Tranco Logistics LLC, Chattanooga, TN
Tranco Logistics LLC is a limited liability company (LLC) located at 5901 Shallowford Rd in Chattanooga, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,453,700.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Tranco Logistics LLC received a Paycheck Protection Loan of $2.45M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tranco Logistics LLC's total 2019 payroll expenses were approximately $11.78M in order to qualify for the PPP loan amount received.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $41,914 per employee1.
Business Information - Tranco Logistics LLC in Chattanooga, TN
5901 Shallowford Rd
Chattanooga, TN 37421
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-03
Similar Companies near Chattanooga
In the Chattanooga area, 6 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 281) and received an average PPP loan of $520,124 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Truckload Carriers Of Chattanooga, LLC
Cornerstone Freight, LLC
Freedom Trucking Of America Inc
Tranco Global, LLC
National Transfer 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, 96% lower than Tranco Logistics LLC's reported 281 employees, and received an average PPP loan of $119,776, 95% lower than this company's loan of $2.45M.
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Footnotes & Information
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