PPP Loan Data — Madak Enterprises LLC, Magee, MS
Madak Enterprises LLC is a limited liability company (LLC) located in Magee, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,815.00 in May, 2021.
PPP Loan Information
Loan Status:Active Un-Disbursed
Madak Enterprises LLC in Magee, MS received a Paycheck Protection Loan of $2,815 through PriorityOne Bank, which was approved in May, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2,815 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in May, 2021.
Reported PPP Proceed Usage:
On the PPP application, Madak Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,809
- Utilities: $1
Business Information - Madak Enterprises LLC in Magee, MS
* Full address is redacted to protect the privacy of individuals.
Household Appliance Stores
NAICS code 443141
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 3,811 businesses in the "Household Appliance Stores" industry received a total of $291M 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 9 employees, 800% higher than Madak Enterprises LLC's reported 1 employees, and received an average PPP loan of $76,358, 2613% higher than this company's loan of $2,815.
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Footnotes & Information
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