PPP Loan Data — Moore Trucking Group, LLC, Macedonia, OH
Moore Trucking Group, LLC is a limited liability company (LLC) located at 8947 Manor Ct in Macedonia, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Moore Trucking Group, LLC in Macedonia, OH received a Paycheck Protection Loan of $25,000 through The Huntington National Bank, which was approved in April, 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, Moore Trucking Group, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moore Trucking Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Moore Trucking Group, LLC in Macedonia, OH
8947 Manor Ct
Macedonia, OH 44056
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Macedonia
In the Macedonia area, 23 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $46,523 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
L Rana Logistics LLC
Coil Transfer LLC
Harmanjit Ghuman Harmanjit Ghuman
Semco Equipment And Engineering LLC
AWP Trucking, LLC
Haul Your Horses LLC
Melissa Haslage 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 Moore Trucking Group, LLC's reported 3 employees, and received an average PPP loan of $37,520, 50% higher than this company's loan of $25,000.
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Footnotes & Information
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