PPP Loan Data — Young's Commercial Transfer, Inc., Porterville, CA
Young's Commercial Transfer, Inc.
Location: Porterville, CATweet This • Search All PPP Data
Young's Commercial Transfer, Inc. is a corporation located at 2075 Scranton Ave in Porterville, California that received a Coronavirus-related PPP loan from the SBA of $3,571,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 280 people during the applicable loan loan period.
$ PPP Loan Information
Young's Commercial Transfer, Inc. in Porterville, CA received a Paycheck Protection Loan of $3.57M through SUNCREST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Young's Commercial Transfer, Inc.'s total 2019 payroll expenses were approximately $17.14M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $61,224 per employee1.
Business Information - Young's Commercial Transfer, Inc. in Porterville, CA
2075 Scranton Ave
Porterville, CA 93257
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: CA-23
Similar Companies near Porterville
In the Porterville area, 5 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 280) and received an average PPP loan of $865,946 (compared to this company's $3.57M).
Similar Nearby Businesses Who Received PPP Funding:
Ruben Velasco Trucking
Tony Campos Trucking
J L R Enterprise Inc
CT Commodities Inc
Industry 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, 98% lower than Young's Commercial Transfer, Inc.'s reported 280 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.57M.
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