PPP Loan Data — Ventura Transfer Company, Long Beach, CA
Ventura Transfer Company
Entity: Subchapter S Corporation
Location: Long Beach, CATweet This • Search All PPP Data
Ventura Transfer Company is a subchapter s corporation located at 2418 E 223rd St. in Long Beach, California that received a Coronavirus-related PPP loan from the SBA of $1,703,260.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
Ventura Transfer Company in Long Beach, CA received a Paycheck Protection Loan of $1.7M through Bank of the West, which was approved in April, 2020.
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, Ventura Transfer Company's 2019 payroll expenses are estimated to be at least $8.18M.
Based on their reported 95 jobs retained, this equals an estimated average yearly compensation of $86,059 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ventura Transfer Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,703,260
Business Information - Ventura Transfer Company in Long Beach, CA
2418 E 223rd St.
Long Beach, CA 90810
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Long Beach
In the Long Beach area, 12 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 95) and received an average PPP loan of $188,268 (compared to this company's $1.7M).
Similar Nearby Businesses Who Received PPP Funding:
Dash Freight Systems Inc
Hot Wheels Trucking Inc
World Logistics Us Inc
Jaspem Truck Line Inc
Nicolas Mejia Amaya
Long Beach, CA
Laras Transportation Inc
Great Century Systems, Inc
Long Beach, CA
Long Beach, CA
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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, 97% lower than Ventura Transfer Company's reported 95 employees, and received an average PPP loan of $39,939, 98% lower than this company's loan of $1.7M.
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Footnotes & Information
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