![]() ![]() Operate multiple facilities each handling 50+ rail-and-truck transloads daily.22.8 million tons of product moved annually*. ![]() Connect 400 shippers to 3,500 consignees*.Established transload relationships spanning decades.Operate 50+ transload facilities in North America.The Savage Transload Network can help you reap the benefits of rail freight without the onsite rail access at your facilities utilizing Savage-operated facilities owned by Savage, Customers, and third parties. Transloading can help you leverage the best logistics for your company. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.Whether it’s by boat, train, or truck, business relies on the efficient transit of goods at a low cost. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.ģ. 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. Transloader jobs in north dakota full#Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.Ģ. Calculation methods vary based on entity type. 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. Estimations for informational purposes only. On the PPP application, Bakken Transload, LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Bakken Transload, LLC in Ross, NDġ. In order to qualify for the PPP loan amount received, Bakken Transload, LLC's 2019 payroll expenses are estimated to be at least $2.6M (not accounting for salary amounts > $100k).īecause the 25 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated. On the PPP application, Bakken Transload LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Bakken Transload LLC in Ross, NDįor Bakken Transload, LLC, the calculation used to estimate payroll costs is shown below:īased 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, Bakken Transload LLC's 2019 payroll expenses are estimated to be at least $2.6M (not accounting for salary amounts > $100k).īecause the 26 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated. Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased 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). Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. ![]() (NOTE: The PPP loan amount received by this entity indicates that it may have employees with compensation > $100k) 2
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