#Transloader jobs in north dakota full#

“We are thrilled to expand into the North Carolina market so that our customers can enjoy the benefits of the Port of Wilmington with the fastest turn times in the U.S.,” said Eric Howell, CEO of Port City Logistics. The company will also add a brokerage transportation office in downtown Wilmington. The new 150,000 square-foot-facility, located near the Port of Wilmington, will feature cross dock doors.

The $16 million project is expected to create 75 jobs in Hanover County. Third-party logistics provider, Port City Logistics, will construct a high velocity transload facility in Wilmington, North Carolina.

Supply of Warehouse Space Yet to Meet Demand.

Rail Gains Advantage Amidst Supply Chain Snarls.

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. 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

Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.

This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received.

Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. SES - Senior Executive Service Pay Calculatorįor Bakken Transload LLC, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator.