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PPP Loan Data — Transco Lines Inc.,
Russellville, AR
Transco Lines Inc.
Entity: Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: Russellville, AR
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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
Loan Size:
Jobs Retained:
463Loan Approved:
2020-04-07Lender:
COMMUNITY BANKS OF COLORADO, A DIVISION OFTransco 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
Business Industry
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AR-03Similar 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.
Russellville, AR
Thacker Specialty Transport
Russellville, AR
REC Transport, Inc.
Russellville, AR
Propel Trucking, Inc.
Russellville, AR
Razorline Transportation LLC
Russellville, AR
Wood Chips & More, Inc
Russellville, AR
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.
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.
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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