COVID Stimulus Watch Individual Entry

Recipient Company:
AIR T, INC.
Loan or Loan Guarantee Amount:
$8,215,100

Recipient Details

Ownership Structure: publicly traded (ticker symbol AIRT)
Facility Street Address: 5930 BALSOM RIDGE RD
Facility City: DENVER
Facility State: NC
Facility Zip Code: 28037
Facility Congressional District: NC-10
Facility NAICS Code: 532411 : Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing

Award Details

Award Date: Apr 8, 2020
Award Type: loan
Jobs Reported at Time of Application: 478
PPP Lender: Minnesota Bank & Trust
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/353184/000035318420000020/form8-...
Notes: The CEO owns more than 40 percent of the shares.

Parent Company Data

Parent Company: Air T, Inc.
Headquartered in: North Carolina
Parent Sector: freight and logistics
Parent Industry: air cargo
Employees (prior to pandemic): 769

Accountability Issues Since 2010

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CEO Compensation: $50,000
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Details on Accountability data sources