Big M Transportation, Inc.
PPP Loan Data — Big M Transportation, Inc., Blue Mountain, MS
Entity: Subchapter S Corporation
Industry: General Freight Trucking, Long-Distance, Truckload
Location: Blue Mountain, MS
Big M Transportation, Inc. is a subchapter s corporation located at 6341 B Hwy 15 in Blue Mountain, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,740,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
BNA BANK
Big M Transportation, Inc. in Blue Mountain, MS received a Paycheck Protection Loan of $3.74M through BNA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Big M Transportation, Inc.'s total 2019 payroll expenses were approximately $17.95M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $71,818 per employee1.
Because the loan received by Big M Transportation, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.
Business Information - Big M Transportation, Inc. in Blue Mountain, MS
6341 B Hwy 15
Blue Mountain, MS 38610
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Race / Ethnicity: WHITE
Veteran Status: NON-VETERAN
Congressional District: MS-01
Similar Companies near Blue Mountain
In the Blue Mountain area, 11 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 250) and received an average PPP loan of $356,460 (compared to this company's $3.74M).
Taylormade Transport Inc
Byhalia, MS
Tunstall Trucking LLC
L And P Trucking, LLC
Carlos Tyson
Terence Coleman
Michael L Davis
Blacktrucking
Melvin Harris
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, 98% lower than Big M Transportation, Inc.'s reported 250 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $3.74M.
Source: www.federalpay.org/paycheck-protection-program/big-m-transportation-inc-blue-mountain-ms