PPP Loan Data — M Cat Services Inc, Mantua, NJ
M Cat Services Inc is a corporation located at 30 Friesian Court in Mantua, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
M Cat Services Inc in Mantua, NJ received a Paycheck Protection Loan of $25,500 through TD Bank, National Association, 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, M Cat Services Inc's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, M Cat Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - M Cat Services Inc in Mantua, NJ
30 Friesian Court
Mantua, NJ 8051
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mantua
In the Mantua area, 7 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $27,600 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Professional Installations Inc
Carmona Pool Services LLC
MDG Enviromental LLC
Maple Shade, NJ
Maple Shade, NJ
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 250% higher than M Cat Services Inc's reported 2 employees, and received an average PPP loan of $45,205, 77% higher than this company's loan of $25,500.
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