PPP Loan Data — Transco Lines Inc., Russellville, AR
Transco Lines Inc.
Location: Russellville, ARTweet This • Search All PPP Data
Transco Lines Inc. is a corporation located at 401 N Arkansas St in Russellville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $6,183,300.00 in April, 2020.
$ PPP Loan Information
Lender:COMMUNITY BANKS OF COLORADO, A DIVISION OF
Transco Lines Inc. in Russellville, AR received a Paycheck Protection Loan of $6.18M through COMMUNITY BANKS OF COLORADO, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Transco Lines Inc.'s total 2019 payroll expenses were approximately $29.68M in order to qualify for the PPP loan amount received.
Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $64,103 per employee1.
Business Information - Transco Lines Inc. in Russellville, AR
401 N Arkansas St
Russellville, AR 72801
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AR-03
Similar Companies near Russellville
In the Russellville area, 7 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 463) and received an average PPP loan of $992,334 (compared to this company's $6.18M).
Similar Nearby Businesses Who Received PPP Funding:
Troy Sims Trucking Inc.
Thacker Specialty Transport
REC Transport, Inc.
Propel Trucking, Inc.
Razorline Transportation LLC
Wood Chips & More, Inc
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Transco Lines Inc.'s reported 463 employees, and received an average PPP loan of $80,292, 99% lower than this company's loan of $6.18M.
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