PPP Loan Data — Universal Transport, Inc, Little Rock, AR
Universal Transport, Inc
Location: Little Rock, ARTweet This • Search All PPP Data
Universal Transport, Inc is a corporation located at 11601 Ironton Cutoff Rd in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Service Bank
Universal Transport, Inc in Little Rock, AR received a Paycheck Protection Loan of $46,900 through First Service 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 April, 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, Universal Transport, Inc's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Transport, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,506
- Utilities: $1,759
- Health Care: $4,635
Business Information - Universal Transport, Inc in Little Rock, AR
11601 Ironton Cutoff Rd
Little Rock, AR 72206
Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers
NAICS code 423860
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Little Rock
In the Little Rock area, 4 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $25,363 (compared to this company's $46,900).
Similar Nearby Businesses Who Received PPP Funding:
Little Rock, AR
Little Rock, AR
Little Rock, AR
Industry PPP Comparison Statistics
Nationwide, 15,714 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a total of $612.65M 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 3 employees, 25% lower than Universal Transport, Inc's reported 4 employees, and received an average PPP loan of $38,987, 17% lower than this company's loan of $46,900.
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