PPP Loan Data — Mchenry Trucking LLC, Kirksville, MO
Mchenry Trucking LLC is a limited liability company (LLC) located at 21161 Radical Ridge Way in Kirksville, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,040.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Northeast Missouri State Bank
Mchenry Trucking LLC in Kirksville, MO received a Paycheck Protection Loan of $25,040 through Northeast Missouri State Bank, which was approved in May, 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Mchenry Trucking LLC's 2019 payroll expenses are estimated to be at least $120,192.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,064 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mchenry Trucking LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,040
Business Information - Mchenry Trucking LLC in Kirksville, MO
21161 Radical Ridge Way
Kirksville, MO 63501
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kirksville
In the Kirksville area, 3 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $14,430 (compared to this company's $25,040).
Similar Nearby Businesses Who Received PPP Funding:
Morgret Trucking Inc
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 33% higher than Mchenry Trucking LLC's reported 3 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,040.
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Footnotes & Information
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