PPP Loan Data — M & M Cartage Co. Inc., Louisville, KY
M & M Cartage Co. Inc. is a subchapter s corporation located at 6220 Geil Ln in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $5,992,300.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:STOCK YARDS BANK & TRUST COMPANY
M & M Cartage Co. Inc. received a Paycheck Protection Loan of $5.99M through STOCK YARDS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, M & M Cartage Co. Inc.'s total 2019 payroll expenses were approximately $28.76M in order to qualify for the PPP loan amount received.
Unlike most businesses, M & M Cartage Co. Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - M & M Cartage Co. Inc. in Louisville, KY
6220 Geil Ln
Louisville, KY 40219
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-03
Similar Companies near Louisville
In the Louisville area, 25 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $318,595 (compared to this company's $5.99M).
Similar Nearby Businesses Who Received PPP Funding:
Elbaz Transportation LLC
HEB Logistics, Inc
Lahkim Transport LLC
Express Towing 24 LLC
3 Brothers Trucking LLC
PBS Transport, LLC
Admc Trucking Inc
Best Transport Inc
Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, and received an average PPP loan of $60,879, 99% lower than this company's loan of $5.99M.
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Footnotes & Information
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