Distribution Management Inc. in Saint Charles, MO - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Distribution Management Inc., Saint Charles, MO

Distribution Management Inc.

Entity: Corporation

Industry: Stationery and Office Supplies Merchant Wholesalers

Location: Saint Charles, MO

Distribution Management Inc. is a corporation located at 5 Research Park Dr in Saint Charles, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,010,502.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 346 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.01M

Jobs Retained:

346

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Distribution Management Inc. received a Paycheck Protection Loan of $4.01M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Distribution Management Inc.'s total 2019 payroll expenses were approximately $19.25M in order to qualify for the PPP loan amount received.

Based on their reported 346 jobs retained, this equals an estimated average yearly compensation of $55,637 per employee¹.

Because the loan received by Distribution Management 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 - Distribution Management Inc. in Saint Charles, MO

Distribution Management Inc.
5 Research Park Dr
Saint Charles, MO 63304

Business Industry

Stationery and Office Supplies Merchant Wholesalers (NAICS code 424120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MO-02

Industry PPP Comparison Statistics

Nationwide, 1,202 businesses in the "Stationery and Office Supplies Merchant Wholesalers" industry received a total of $148,763,960.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 97% lower than Distribution Management Inc.'s reported 346 employees, and received an average PPP loan of $123,764, 97% lower than this company's loan of $4.01M.

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.

Search FederalPay's Full PPP Loan Database

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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