PPP Loan Data — Tri-State Truck Center, Inc., Memphis, TN
Tri-State Truck Center, Inc. is a corporation located at 494 Eh Crump Blvd in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $4,862,400.00 in April, 2020.
$ PPP Loan Information
Tri-State Truck Center, Inc. received a Paycheck Protection Loan of $4.86M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tri-State Truck Center, Inc.'s total 2019 payroll expenses were approximately $23.34M in order to qualify for the PPP loan amount received.
Based on their reported 357 jobs retained, this equals an estimated average yearly compensation of $65,377 per employee1.
Business Information - Tri-State Truck Center, Inc. in Memphis, TN
494 Eh Crump Blvd
Memphis, TN 38126
All Other Support Activities for Transportation (NAICS code 488999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TN-09
Similar Companies near Memphis
In the Memphis area, 7 businesses in the "All Other Support Activities for Transportation" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 357) and received an average PPP loan of $701,689 (compared to this company's $4.86M).
Similar Nearby Businesses Who Received PPP Funding:
Jones Grund Up Transportation
Bolden Tire And Trailer Repair
Quick There Corporation
Roy Holding Corp
TBC Transportation Inc
Grind City Transportation LLC
Industry PPP Comparison Statistics
Nationwide, 8,990 businesses in the "All Other Support Activities for Transportation" industry received a total of $529,310,655.00 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 7 employees, 98% lower than Tri-State Truck Center, Inc.'s reported 357 employees, and received an average PPP loan of $58,878, 99% lower than this company's loan of $4.86M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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