PPP Loan Data — Mansai Corporation, Greenbelt, MD
Mansai Corporation is a corporation located at 7335 Hanover Parkway Suite A in Greenbelt, Maryland that received a Coronavirus-related PPP loan from the SBA of $203,956.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Mansai Corporation in Greenbelt, MD received a Paycheck Protection Loan of $203,956 through Manufacturers and Traders Trust Company, which was approved in April, 2020.
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, Mansai Corporation's 2019 payroll expenses are estimated to be at least $978,989.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $97,899 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mansai Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $178,956
- Health Care: $25,000
Business Information - Mansai Corporation in Greenbelt, MD
7335 Hanover Parkway Suite A
Greenbelt, MD 20770
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Greenbelt
In the Greenbelt area, 19 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 10) and received an average PPP loan of $706,463 (compared to this company's $203,956).
Similar Nearby Businesses Who Received PPP Funding:
Orbit Logic Incorporated
International Software Systems Inc
Array Information Technology, Inc
The Hammers Company, Inc
Swingtech Consulting Inc
Precision Consulting LLC
Industry PPP Comparison Statistics
Nationwide, 68,062 businesses in the "Custom Computer Programming Services" industry received a total of $7.45B 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 8 employees, 20% lower than Mansai Corporation's reported 10 employees, and received an average PPP loan of $109,477, 46% lower than this company's loan of $203,956.
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.
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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