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PPP Loan Data — Young's Commercial Transfer, Inc.,
Porterville, CA
Young's Commercial Transfer, Inc.
Entity: Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: Porterville, CA
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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
Loan Size:
Jobs Retained:
280Loan Approved:
2020-04-08Lender:
SUNCREST BANKYoung'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
Business Industry
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERAN
Congressional District: CA-23Similar 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
Pixley, CA
Tony Campos Trucking
Porterville, CA
J L R Enterprise Inc
Porterville, CA
CT Commodities Inc
Pixley, CA
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.
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, 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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