PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — United Transport Service Inc, Jessup, MD

SBA PPP loan data, payroll data, and salaries for United Transport Service Inc
MD

United Transport Service Inc

Entity: Corporation

Industry: Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

Location: Jessup, MD

Search All PPP Data

United Transport Service Inc is a corporation located at 7920 Tarbay Dr in Jessup, Maryland that received a Coronavirus-related PPP loan from the SBA of $3,238,500.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.24M

Jobs Retained:

352

Loan Approved:

2020-05-01

Lender:

PNC BANK, NATIONAL ASSOCIATION

United Transport Service Inc received a Paycheck Protection Loan of $3.24M through PNC BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, United Transport Service Inc's total 2019 payroll expenses were approximately $15.54M in order to qualify for the PPP loan amount received.

Based on their reported 352 jobs retained, this equals an estimated average yearly compensation of $44,161 per employee1.

Because the loan received by United Transport Service 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 - United Transport Service Inc in Jessup, MD

United Transport Service Inc
7920 Tarbay Dr
Jessup, MD 20794

Business Industry

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing (NAICS code 532120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MD-02

Similar Companies near Jessup

In the Jessup area, 3 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 352) and received an average PPP loan of $1,239,594 (compared to this company's $3.24M).

Industry PPP Comparison Statistics

Nationwide, 1,428 businesses in the "Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing" industry received a total of $223,290,538.00 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 12 employees, 97% lower than United Transport Service Inc's reported 352 employees, and received an average PPP loan of $156,366, 95% lower than this company's loan of $3.24M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/united-transport-service-inc-jessup-md