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PPP Loan Data — B R Williams Trucking Inc, Oxford, AL

SBA PPP loan data, payroll data, and salaries for B R Williams Trucking Inc
AL

B R Williams Trucking Inc

Entity: Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Oxford, AL

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B R Williams Trucking Inc is a corporation located at 2339 Al Highway 21 South in Oxford, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,862,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.86M

Jobs Retained:

250

Loan Approved:

2020-04-10

Lender:

SERVISFIRST BANK

B R Williams Trucking Inc in Oxford, AL received a Paycheck Protection Loan of $2.86M through SERVISFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, B R Williams Trucking Inc's total 2019 payroll expenses were approximately $13.74M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $54,950 per employee1.

Because the loan received by B R Williams Trucking Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - B R Williams Trucking Inc in Oxford, AL

B R Williams Trucking Inc
2339 Al Highway 21 South
Oxford, AL 36203

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AL-03

Similar Companies near Oxford

In the Oxford area, 3 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 250) and received an average PPP loan of $963,511 (compared to this company's $2.86M).

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 B R Williams Trucking Inc's reported 250 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.86M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/b-r-williams-trucking-inc-oxford-al