PPP Loan Data — V. Alexander & Co., Inc.,
Cordova, TN
V. Alexander & Co., Inc.
Entity: Subchapter S Corporation
Industry: Freight Transportation Arrangement
Location: Cordova, TN

V. Alexander & Co., Inc. is a subchapter s corporation located at 51 Germantown Ct, Suite 300 in Cordova, Tennessee that received a Coronavirus-related PPP loan from the SBA of $3,076,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
181Loan Approved:
2020-04-15Lender:
REGIONS BANKV. Alexander & Co., Inc. in Cordova, TN received a Paycheck Protection Loan of $3.08M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, V. Alexander & Co., Inc.'s total 2019 payroll expenses were approximately $14.77M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $81,595 per employee1.
Business Information - V. Alexander & Co., Inc. in Cordova, TN
51 Germantown Ct, Suite 300
Cordova, TN 38018
Business Industry
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TN-09Similar Companies near Cordova
In the Cordova area, 8 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 181) and received an average PPP loan of $409,958 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
W.S. Thomas Trucking, Inc.
Collierville, TN
Corporate Aviation Service, Inc
Collierville, TN
Curtis Marks DBA None
Collierville, TN
Garland A Watkins
Cordova, TN
Tucker Transportation Agency Inc.
Collierville, TN
Freightline Carrier Systems USA, Inc
Collierville, TN
Mccoy Transportation Group
Cordova, TN
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 94% lower than V. Alexander & Co., Inc.'s reported 181 employees, and received an average PPP loan of $119,776, 96% lower than this company's loan of $3.08M.
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, 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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