PPP Loan Data — M-T Management, Inc, Spokane Valley, WA
M-T Management, Inc is a corporation located at 11917 E Broadway Ste 101 in Spokane Valley, Washington that received a Coronavirus-related PPP loan from the SBA of $46,100.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:State Bank Northwest
M-T Management, Inc in Spokane Valley, WA received a Paycheck Protection Loan of $46,100 through State Bank Northwest, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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-T Management, Inc's 2019 payroll expenses are estimated to be at least $221,280.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, M-T Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,100
Business Information - M-T Management, Inc in Spokane Valley, WA
11917 E Broadway Ste 101
Spokane Valley, WA 99206
Other General Government Support
NAICS code 921190
Business Owner Demographics
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Spokane Valley
In the Spokane Valley area, 2 businesses in the "Other General Government Support" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $35,450 (compared to this company's $46,100).
Similar Nearby Businesses Who Received PPP Funding:
A New View Residential
Spokane Valley, WA
Industry PPP Comparison Statistics
Nationwide, 1,022 businesses in the "Other General Government Support" industry received a total of $105.1M 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 11 employees, 175% higher than M-T Management, Inc's reported 4 employees, and received an average PPP loan of $102,834, 123% higher than this company's loan of $46,100.
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Footnotes & Information
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