PPP Loan Data — Mackay Communications Inc, Raleigh, NC
Mackay Communications Inc
Location: Raleigh, NCTweet This • Search All PPP Data
Mackay Communications Inc is a corporation located at 3691 Trust Drive in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,054,228.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Mackay Communications Inc received a Paycheck Protection Loan of $3.05M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Mackay Communications Inc's total 2019 payroll expenses were approximately $14.66M in order to qualify for the PPP loan amount received.
Unlike most businesses, Mackay Communications Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Mackay Communications Inc in Raleigh, NC
3691 Trust Drive
Raleigh, NC 27616
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Raleigh
In the Raleigh area, 2 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,528,164 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,260 businesses in the "Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers" industry received a total of $288,357,851.00 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 9 employees, and received an average PPP loan of $127,592, 96% lower than this company's loan of $3.05M.
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Footnotes & Information
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