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PPP Loan Data — Empie Truck Sales, LLC, Richland, MS

SBA PPP loan data, payroll data, and salaries for Empie Truck Sales, LLC
MS

Empie Truck Sales, LLC

Entity: Limited Liability Company (LLC)

Industry: Motorcycle, ATV, and All Other Motor Vehicle Dealers

Location: Richland, MS

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Empie Truck Sales, LLC is a limited liability company (LLC) located at 373 Highway 49 S in Richland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $4,567,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.57M

Jobs Retained:

377

Loan Approved:

2020-04-09

Lender:

RENASANT BANK

Empie Truck Sales, LLC received a Paycheck Protection Loan of $4.57M through RENASANT BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Empie Truck Sales, LLC's total 2019 payroll expenses were approximately $21.92M in order to qualify for the PPP loan amount received.

Based on their reported 377 jobs retained, this equals an estimated average yearly compensation of $58,155 per employee1.

Because the loan received by Empie Truck Sales, LLC 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 - Empie Truck Sales, LLC in Richland, MS

Empie Truck Sales, LLC
373 Highway 49 S
Richland, MS 39218

Business Industry

Motorcycle, ATV, and All Other Motor Vehicle Dealers (NAICS code 441228)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MS-03

Similar Companies near Richland

In the Richland area, 2 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 367 employees (compared to this company's 377) and received an average PPP loan of $4,775,150 (compared to this company's $4.57M).

Similar Nearby Businesses Who Received PPP Funding:

Stribling Equipment, LLC
Richland, MS

$4.98M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,280 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $853,860,010.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 96% lower than Empie Truck Sales, LLC's reported 377 employees, and received an average PPP loan of $161,716, 96% lower than this company's loan of $4.57M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/empie-truck-sales-llc-richland-ms