PPP Loan Data — Transmark Logistics, Inc, Kent, WA
Transmark Logistics, Inc is a corporation located at 22217 68th Ave in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $1,510,000.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least 101 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Columbia State Bank
Transmark Logistics, Inc in Kent, WA received a Paycheck Protection Loan of $1.51M through Columbia State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Transmark Logistics, Inc's 2019 payroll expenses are estimated to be at least $7.25M.
Based on their reported 101 jobs retained, this equals an estimated average yearly compensation of $71,762 per employee1
Reported PPP Proceed Usage:
On the PPP application, Transmark Logistics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,510,000
Business Information - Transmark Logistics, Inc in Kent, WA
22217 68th Ave
Kent, WA 98032
Nonscheduled Chartered Freight Air Transportation
NAICS code 481212
Business Owner Demographics
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 431 businesses in the "Nonscheduled Chartered Freight Air Transportation" industry received a total of $54.65M 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 10 employees, 90% lower than Transmark Logistics, Inc's reported 101 employees, and received an average PPP loan of $126,800, 92% lower than this company's loan of $1.51M.
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Footnotes & Information
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