PPP Loan Data — Merchants Moving & Storage, Inc, Hamilton, MT
Merchants Moving & Storage, Inc
Entity: Subchapter S Corporation
Location: Hamilton, MTTweet This • Search All PPP Data
Merchants Moving & Storage, Inc is a subchapter s corporation located at 1410 N 1st St / Po Box 928 in Hamilton, Montana that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Merchants Moving & Storage, Inc in Hamilton, MT received a Paycheck Protection Loan of $46,700 through TrailWest Bank, 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 December, 2020.
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, Merchants Moving & Storage, Inc's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Merchants Moving & Storage, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,025
- Utilities: $11,675
Business Information - Merchants Moving & Storage, Inc in Hamilton, MT
1410 N 1st St / Po Box 928
Hamilton, MT 59840
Specialized Freight (except Used Goods) Trucking, Local
NAICS code 484220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Hamilton
In the Hamilton area, 4 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 12) and received an average PPP loan of $24,875 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
12 Trucking Inc
GAG Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 30,684 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $2.03B 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 6 employees, 50% lower than Merchants Moving & Storage, Inc's reported 12 employees, and received an average PPP loan of $66,149, 42% higher than this company's loan of $46,700.
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