PPP Loan Data — MHX, LLC, Carson, CA
MHX, LLC is a limited liability company (LLC) located at 22707 S Wilmington Ave in Carson, California that received a Coronavirus-related PPP loan from the SBA of $3,450,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
MHX, LLC received a Paycheck Protection Loan of $3.45M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MHX, LLC's total 2019 payroll expenses were approximately $16.56M in order to qualify for the PPP loan amount received.
Based on their reported 211 jobs retained, this equals an estimated average yearly compensation of $78,483 per employee1.
Business Information - MHX, LLC in Carson, CA
22707 S Wilmington Ave
Carson, CA 90745
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-44
Similar Companies near Carson
In the Carson area, 69 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 211) and received an average PPP loan of $197,137 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
Nexgen Trucking Inc
Year-Round Enterprises, Inc.
Pacific Intermodal Company LLC
Los Angeles, CA
FX Express, Inc.
Sung Soo Kyon
JTS Express, 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, 98% lower than MHX, LLC's reported 211 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $3.45M.
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.
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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