PPP Loan Data — Big M Transportation, Inc., Blue Mountain, MS
Big M Transportation, Inc.
Entity: Subchapter S Corporation
Location: Blue Mountain, MSTweet This • Search All PPP Data
Big M Transportation, Inc. is a subchapter s corporation located at 6341 B Hwy 15 in Blue Mountain, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,740,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Big M Transportation, Inc. in Blue Mountain, MS received a Paycheck Protection Loan of $3.74M through BNA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Big M Transportation, Inc.'s total 2019 payroll expenses were approximately $17.95M 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 $71,818 per employee1.
Business Information - Big M Transportation, Inc. in Blue Mountain, MS
6341 B Hwy 15
Blue Mountain, MS 38610
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MS-01
Similar Companies near Blue Mountain
In the Blue Mountain area, 11 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 250) and received an average PPP loan of $356,460 (compared to this company's $3.74M).
Similar Nearby Businesses Who Received PPP Funding:
Taylormade Transport Inc
Tunstall Trucking LLC
L And P Trucking, LLC
Michael L Davis
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 Big M Transportation, Inc.'s reported 250 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.74M.
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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