PPP Loan Data — Morris Transport LLC, Hattiesburg, MS
Morris Transport LLC is a limited liability company (LLC) located at 6933 U S Highway 49 in Hattiesburg, Mississippi that received a Coronavirus-related PPP loan from the SBA of $47,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community Bank of Mississippi
Morris Transport LLC in Hattiesburg, MS received a Paycheck Protection Loan of $47,100 through Community Bank of Mississippi, 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 June, 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, Morris Transport LLC's 2019 payroll expenses are estimated to be at least $226,080.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Morris Transport LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $41,500
- Utilities: $5,600
Business Information - Morris Transport LLC in Hattiesburg, MS
6933 U S Highway 49
Hattiesburg, MS 39402
All Other Pipeline Transportation
NAICS code 486990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 382 businesses in the "All Other Pipeline Transportation" industry received a total of $19.37M 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 4 employees, 33% lower than Morris Transport LLC's reported 6 employees, and received an average PPP loan of $50,707, 8% higher than this company's loan of $47,100.
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Footnotes & Information
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