PPP Loan Data — V&S Midwest Carriers Corp, Minneapolis, MN
V&S Midwest Carriers Corp
Entity: Subchapter S Corporation
Location: Minneapolis, MNTweet This • Search All PPP Data
V&S Midwest Carriers Corp is a subchapter s corporation located at 200 S 6th St in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,535,157.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
V&S Midwest Carriers Corp received a Paycheck Protection Loan of $2.54M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, V&S Midwest Carriers Corp's total 2019 payroll expenses were approximately $12.17M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $59,360 per employee1.
Business Information - V&S Midwest Carriers Corp in Minneapolis, MN
200 S 6th St
Minneapolis, MN 55402
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 6 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 205) and received an average PPP loan of $584,265 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
RH&F Trucking LLC
Grain Belt Trucking LLC
Admiral-Merchants Motor Freight, Inc.
Manta Freight LLC
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than V&S Midwest Carriers Corp's reported 205 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.54M.
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