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PPP Loan Data — M & T Ventures, LLC, South Hill, VA

SBA PPP loan data, payroll data, and salaries for M & T Ventures, LLC



M & T Ventures, LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Franchise: Hampton Inn

Location: South Hill, VA

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M & T Ventures, LLC is a limited liability company (LLC) located at 200 Thompson St in South Hill, Virginia that received a Coronavirus-related PPP loan from the SBA of $66,231.00 in April, 2020. This business is a Hampton Inn franchise.

$ PPP Loan Information
Loan #8292277002

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Benchmark Community Bank

M & T Ventures, LLC in South Hill, VA received a Paycheck Protection Loan of $66,231 through Benchmark Community Bank, 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Ventures, LLC's 2019 payroll expenses are estimated to be at least $317,909.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $18,701 per employee1

Reported PPP Proceed Usage:

On the PPP application, M & T Ventures, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $49,674
  • Utilities: $8,279
  • Mortgage Interest: $8,279

Business Information - M & T Ventures, LLC in South Hill, VA

M & T Ventures, LLC
200 Thompson St
South Hill, VA 23970

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Mecklenburg County, VA — SBA Office 0304 — Congressional District: VA-05

Similar Companies near South Hill

In the South Hill area, 8 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 17) and received an average PPP loan of $62,242 (compared to this company's $66,231).

Industry PPP Comparison Statistics

Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 35% higher than M & T Ventures, LLC's reported 17 employees, and received an average PPP loan of $168,829, 155% higher than this company's loan of $66,231.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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