PPP Loan Data — Veterans Transportation LLC, Waltham, MA
Veterans Transportation LLC is a limited liability company (LLC) located at 224 Calvary St in Waltham, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,449,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
Veterans Transportation LLC in Waltham, MA received a Paycheck Protection Loan of $3.45M through Citizens Bank, National Association, 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 July, 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, Veterans Transportation LLC's 2019 payroll expenses are estimated to be at least $16.56M.
Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $60,215 per employee1
Reported PPP Proceed Usage:
On the PPP application, Veterans Transportation LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,449,800
Business Information - Veterans Transportation LLC in Waltham, MA
224 Calvary St
Waltham, MA 2453
Special Needs Transportation
NAICS code 485991
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Veterans Transportation LLC.
MTG Acquisitions LLC
JSC. Transportation Services, Inc
School and Employee Bus Transportation
Harrison Transportation Services, Inc
All Other Transit and Ground Passenger Transportation
Charles River Automotive LLC
Tire Manufacturing (except Retreading)
Medical Transportation, Inc
Harrison Global LLC
Similar Companies near Waltham
In the Waltham area, 2 businesses in the "Special Needs Transportation" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 275) and received an average PPP loan of $1,726,650 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
Steady Hands Wheelchair Transportation
Industry PPP Comparison Statistics
Nationwide, 5,585 businesses in the "Special Needs Transportation" industry received a total of $315.03M 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 8 employees, 97% lower than Veterans Transportation LLC's reported 275 employees, and received an average PPP loan of $56,406, 98% lower than this company's loan of $3.45M.
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Footnotes & Information
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