PPP Loan Data — Victoria Trucking LLC, Westfield, MA
Victoria Trucking LLC is a limited liability company (LLC) located at 12 Christopher Dr in Westfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Victoria Trucking LLC in Westfield, MA received a Paycheck Protection Loan of $46,700 through Berkshire Bank, 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, Victoria Trucking LLC's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,832 per employee1
Reported PPP Proceed Usage:
On the PPP application, Victoria Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Victoria Trucking LLC in Westfield, MA
12 Christopher Dr
Westfield, MA 1085
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Westfield
In the Westfield area, 18 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 5) and received an average PPP loan of $73,365 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Western Mass Demolition Corporation
Burke Bros Inc
Jelly Belly's Pools & Spas Inc
Advanced Remodeling And Maintenance, Inc
Hang-Rite Gutter Installation Co., Inc
AB Rigging Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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, 60% higher than Victoria Trucking LLC's reported 5 employees, and received an average PPP loan of $86,076, 84% higher than this company's loan of $46,700.
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Footnotes & Information
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