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PPP Loan Data — United Trucking, LLC, Des Moines, IA

SBA PPP loan data, payroll data, and salaries for United Trucking, LLC
IA

United Trucking, LLC

Entity: Limited Liability Company (LLC)

Industry: New Car Dealers

Location: Des Moines, IA

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United Trucking, LLC is a limited liability company (LLC) located in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,212.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2716117400

Loan Size:

$2,212

Jobs Retained:

1

Loan Approved:

2020-05-06

Loan Status:

Ongoing Loan

Lender:

Central Bank

United Trucking, LLC in Des Moines, IA received a Paycheck Protection Loan of $2,212 through Central Bank, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, United Trucking, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,212

Business Information - United Trucking, LLC in Des Moines, IA

United Trucking, LLC
Des Moines, IA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
New Car Dealers
NAICS code 441110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Polk County, IA — SBA Office 0761 — Congressional District: IA-03

Similar Companies near Des Moines

In the Des Moines area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 1) and received an average PPP loan of $973,095 (compared to this company's $2,212).

Industry PPP Comparison Statistics

Nationwide, 19,844 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 5100% higher than United Trucking, LLC's reported 1 employees, and received an average PPP loan of $620,298, 27942% higher than this company's loan of $2,212.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/united-trucking-llc-des-moines-ia