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PPP Loan Data — Tribe Express, Inc., Gainesville, GA

SBA PPP loan data, payroll data, and salaries for Tribe Express, Inc.
GA

Tribe Express, Inc.

Entity: Corporation

Industry: Specialized Freight (except Used Goods) Trucking, Long-Distance

Location: Gainesville, GA

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Tribe Express, Inc. is a corporation located at 2251 Jesse Jewell Pkwy in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,646,917.00 in April, 2020.

The company has reported itself as an American indian or alaska native female owned business, and employed at least 213 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.65M

Jobs Retained:

213

Loan Approved:

2020-04-08

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Tribe Express, Inc. received a Paycheck Protection Loan of $2.65M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Tribe Express, Inc.'s total 2019 payroll expenses were approximately $12.71M in order to qualify for the PPP loan amount received.

Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $59,649 per employee1.

Because the loan received by Tribe Express, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Tribe Express, Inc. in Gainesville, GA

Tribe Express, Inc.
2251 Jesse Jewell Pkwy
Gainesville, GA 30507

Business Industry

Specialized Freight (except Used Goods) Trucking, Long-Distance (NAICS code 484230)

Business Owner Demographics

Race / Ethnicity: AMERICAN INDIAN OR ALASKA NATIVE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: GA-09

Industry PPP Comparison Statistics

Nationwide, 7,881 businesses in the "Specialized Freight (except Used Goods) Trucking, Long-Distance" industry received a total of $718,172,322.00 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, 97% lower than Tribe Express, Inc.'s reported 213 employees, and received an average PPP loan of $91,127, 97% lower than this company's loan of $2.65M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/tribe-express-inc-gainesville-ga