PPP Loan Data — Modular Transportation Co.,
Grand Rapids, MI
Modular Transportation Co.
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: Grand Rapids, MI

Modular Transportation Co. is a subchapter s corporation located at 393 Mart St in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,731,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 180 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
180Loan Approved:
2020-04-04Lender:
MACATAWA BANKModular Transportation Co. received a Paycheck Protection Loan of $2.73M through MACATAWA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Modular Transportation Co.'s total 2019 payroll expenses were approximately $13.11M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $72,845 per employee1.
Business Information - Modular Transportation Co. in Grand Rapids, MI
393 Mart St
Grand Rapids, MI 49548
Business Industry
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MI-02Similar Companies near Grand Rapids
In the Grand Rapids area, 23 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 180) and received an average PPP loan of $478,563 (compared to this company's $2.73M).
Similar Nearby Businesses Who Received PPP Funding:
Onit Transportation Inc
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H & A Services LLC
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Titan Transportation Services Inc.
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Jenny Transportation LLC
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M. C. Van Kampen Trucking, Inc.
Grand Rapids, MI
Commerce Distribution Center Inc
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Nermin Pavlica
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Nermin Mujanovic
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Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Modular Transportation Co.'s reported 180 employees, and received an average PPP loan of $80,292, 97% lower than this company's loan of $2.73M.
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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