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PPP Loan Data — Mark Andy Inc, Chesterfield, MO

SBA PPP loan data, payroll data, and salaries for Mark Andy Inc
MO

Mark Andy Inc

Entity: Corporation

Industry: Printing Machinery and Equipment Manufacturing

Location: Chesterfield, MO

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Mark Andy Inc is a corporation located at 18081 Chesterfield Airport Rd in Chesterfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $9,184,500.00 in April, 2020.

$ PPP Loan Information
Loan #4285397105

Loan Size:

$9.18M

Jobs Retained:

443

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Mark Andy Inc in Chesterfield, MO received a Paycheck Protection Loan of $9.18M through PNC Bank, National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, Mark Andy Inc's 2019 payroll expenses are estimated to be at least $44.09M.

Based on their reported 443 jobs retained, this equals an estimated average yearly compensation of $99,516 per employee1

Reported PPP Proceed Usage:

On the PPP application, Mark Andy Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,184,500
Because the loan received by Mark Andy Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mark Andy Inc in Chesterfield, MO

Mark Andy Inc
18081 Chesterfield Airport Rd
Chesterfield, MO 63005

Business Industry:
Printing Machinery and Equipment Manufacturing
NAICS code 333244

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: Urban

Saint Louis County, MO — SBA Office 0768 — Congressional District: MO-02

Industry PPP Comparison Statistics

Nationwide, 514 businesses in the "Printing Machinery and Equipment Manufacturing" industry received a total of $114.51M 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 17 employees, 96% lower than Mark Andy Inc's reported 443 employees, and received an average PPP loan of $222,784, 98% lower than this company's loan of $9.18M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mark-andy-inc-chesterfield-mo