PPP Loan Data — Manhan Media Inc, Park City, UT
Manhan Media Inc is a corporation located at 1776 Park Ave Ste 201 in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $46,320.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Manhan Media Inc in Park City, UT received a Paycheck Protection Loan of $46,320 through Glacier 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 February, 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, Manhan Media Inc's 2019 payroll expenses are estimated to be at least $222,336.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,584 per employee1
Reported PPP Proceed Usage:
On the PPP application, Manhan Media Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,320
Business Information - Manhan Media Inc in Park City, UT
1776 Park Ave Ste 201
Park City, UT 84060
NAICS code 515120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Park City
In the Park City area, 2 businesses in the "Television Broadcasting" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $66,376 (compared to this company's $46,320).
Similar Nearby Businesses Who Received PPP Funding:
Deerfield Media (Park City), Inc
Park City, UT
Industry PPP Comparison Statistics
Nationwide, 1,944 businesses in the "Television Broadcasting" industry received a total of $257.29M 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 12 employees, 200% higher than Manhan Media Inc's reported 4 employees, and received an average PPP loan of $132,352, 186% higher than this company's loan of $46,320.
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Footnotes & Information
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