PPP Loan Data — Westwind Logistics, LLC, Des Moines, IA
Westwind Logistics, LLC
Entity: Limited Liability Company (LLC)
Location: Des Moines, IATweet This • Search All PPP Data
Westwind Logistics, LLC is a limited liability company (LLC) located at 1658 East Euclid Ave in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $1,622,453.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 167 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bankers Trust Company
Westwind Logistics, LLC in Des Moines, IA received a Paycheck Protection Loan of $1.62M through Bankers Trust Company, 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 February, 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, Westwind Logistics, LLC's 2019 payroll expenses are estimated to be at least $7.79M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $46,633 per employee1
Reported PPP Proceed Usage:
On the PPP application, Westwind Logistics, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,622,453
Business Information - Westwind Logistics, LLC in Des Moines, IA
1658 East Euclid Ave
Des Moines, IA 50313
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Des Moines
In the Des Moines area, 4 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 167) and received an average PPP loan of $418,877 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Sisters Transportation Inc
Des Moines, IA
Hawkeye Transport & Logistics LLC
Des Moines, IA
Des Moines, IA
Industry PPP Comparison Statistics
Nationwide, 10,517 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $920.57M 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, 95% lower than Westwind Logistics, LLC's reported 167 employees, and received an average PPP loan of $87,532, 95% lower than this company's loan of $1.62M.
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Footnotes & Information
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