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PPP Loan Data — W. W. Transport, Inc.,
West Burlington, IA
W. W. Transport, Inc.
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: West Burlington, IA
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W. W. Transport, Inc. is a subchapter s corporation located at 701 E. Mt. Pleasant St. in West Burlington, Iowa that received a Coronavirus-related PPP loan from the SBA of $6,299,520.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 451 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
451Loan Approved:
2020-04-06Lender:
TWO RIVERS BANK & TRUSTW. W. Transport, Inc. received a Paycheck Protection Loan of $6.3M through TWO RIVERS BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, W. W. Transport, Inc.'s total 2019 payroll expenses were approximately $30.24M in order to qualify for the PPP loan amount received.
Based on their reported 451 jobs retained, this equals an estimated average yearly compensation of $67,046 per employee1.
Business Information - W. W. Transport, Inc. in West Burlington, IA
701 E. Mt. Pleasant St.
West Burlington, IA 52655
Business Industry
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: IA-02Industry 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, 99% lower than W. W. Transport, Inc.'s reported 451 employees, and received an average PPP loan of $80,292, 99% lower than this company's loan of $6.3M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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