PPP Loan Data — Buddy Moore Trucking, Inc, Birmingham, AL
Buddy Moore Trucking, Inc
Location: Birmingham, ALTweet This • Search All PPP Data
Buddy Moore Trucking, Inc is a corporation located at 925 34th Street North in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,959,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Buddy Moore Trucking, Inc in Birmingham, AL received a Paycheck Protection Loan of $3.96M through SERVISFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Buddy Moore Trucking, Inc's total 2019 payroll expenses were approximately $19M 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 $76,013 per employee1.
Business Information - Buddy Moore Trucking, Inc in Birmingham, AL
925 34th Street North
Birmingham, AL 35222
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: AL-07
Similar Companies near Birmingham
In the Birmingham area, 5 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 250) and received an average PPP loan of $1,024,409 (compared to this company's $3.96M).
Similar Nearby Businesses Who Received PPP Funding:
S2F Logistics, LLC
Baggett Transportation Company
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 Buddy Moore Trucking, Inc's reported 250 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.96M.
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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