PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — M-46 Truck And Auto LLC, Lakeview, MI

SBA PPP loan data, payroll data, and salaries for M-46 Truck And Auto LLC

M-46 Truck And Auto LLC

Entity: Limited Liability Company (LLC)

Industry: General Automotive Repair

Location: Lakeview, MI

Search All PPP Data

M-46 Truck And Auto LLC is a limited liability company (LLC) located at 6023 West Howard City - Edmore in Lakeview, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8367007204

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Greater Nevada CU

M-46 Truck And Auto LLC in Lakeview, MI received a Paycheck Protection Loan of $25,100 through Greater Nevada CU, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, M-46 Truck And Auto LLC's 2019 payroll expenses are estimated to be at least $120,480.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1

Reported PPP Proceed Usage:

On the PPP application, M-46 Truck And Auto LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,825
  • Utilities: $3,138
  • Rent: $3,138

Business Information - M-46 Truck And Auto LLC in Lakeview, MI

M-46 Truck And Auto LLC
6023 West Howard City - Edmore
Lakeview, MI 48850

Business Industry:
General Automotive Repair
NAICS code 811111

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Rural

Montcalm County, MI — SBA Office 0515 — Congressional District: MI-04

Similar Companies near Lakeview

In the Lakeview area, 2 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $29,455 (compared to this company's $25,100).

Similar Nearby Businesses Who Received PPP Funding:

Lakeview Car Centre, Inc
Lakeview, MI

$33,809 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 5 employees, 150% higher than M-46 Truck And Auto LLC's reported 2 employees, and received an average PPP loan of $41,461, 65% higher than this company's loan of $25,100.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

Have's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **