Inland Water Transportation

Businesses and organizations in the Inland Water Transportation industry (NAICS code 4832, part of the Transportation and Warehousing sector) received 1,009 PPP loans totaling $251.9M during the COVID-19 pandemic.

The average loan for this industry was $249,683 — above the national PPP average of approximately $67,000. This reflects the relatively large size of many businesses in this sector, which tend to have higher payroll costs and more employees.

93.0% of loans in this industry were forgiven — totaling $245.3M. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include CENTERLINE LOGISTICS CORPORATION of SEATTLE, WA ($10,000,000); BLESSEY MARINE SERVICE, INC. of HARAHAN, LA ($10,000,000); and CROSBY TUGS, LLC of GALLIANO, LA ($8,316,400).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Transportation and Warehousing sector — air, rail, water, truck, transit, pipeline, and scenic transportation services. — businesses in NAICS 4832 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.