PPP Loan Data — Braun's Express, Inc., Hopedale, MA
Braun's Express, Inc.
Location: Hopedale, MATweet This • Search All PPP Data
Braun's Express, Inc. is a corporation located at 10 Tandem Way in Hopedale, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,575,600.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 237 people during the applicable loan loan period.
$ PPP Loan Information
Lender:UNIBANK FOR SAVINGS
Braun's Express, Inc. in Hopedale, MA received a Paycheck Protection Loan of $2.58M through UNIBANK FOR SAVINGS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Braun's Express, Inc.'s total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $52,164 per employee1.
Business Information - Braun's Express, Inc. in Hopedale, MA
10 Tandem Way
Hopedale, MA 1747
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: MA-04
Similar Companies near Hopedale
In the Hopedale area, 2 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 141 employees (compared to this company's 237) and received an average PPP loan of $1,561,850 (compared to this company's $2.58M).
Similar Nearby Businesses Who Received PPP Funding:
Normandin Transportation Services, Inc.
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, 97% lower than Braun's Express, Inc.'s reported 237 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.58M.
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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