PPP Loan Data — M. K. Industries Inc, Brunswick, GA
M. K. Industries Inc is a subchapter s corporation located at 253 Indigo Dr in Brunswick, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,744,693.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 149 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
M. K. Industries Inc in Brunswick, GA received a Paycheck Protection Loan of $2.74M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, M. K. Industries Inc's total 2019 payroll expenses were approximately $13.17M in order to qualify for the PPP loan amount received.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $88,420 per employee1.
Business Information - M. K. Industries Inc in Brunswick, GA
253 Indigo Dr
Brunswick, GA 31525
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: GA-01
Similar Companies near Brunswick
In the Brunswick area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 149) and received an average PPP loan of $1,434,047 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
Beachview Resources, LLC
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 61 employees, 59% lower than M. K. Industries Inc's reported 149 employees, and received an average PPP loan of $608,834, 78% lower than this company's loan of $2.74M.
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, and is published unmodified, as provided by the SBA.
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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