PPP Loan Data — Market Enginuity, Inc., Phoenix, AZ
Market Enginuity, Inc. is a corporation located at 3131 E. Clarendon Ave. Suite 105 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,050,900.00 in April, 2020.
$ PPP Loan Information
Market Enginuity, Inc. received a Paycheck Protection Loan of $3.05M through MIDFIRST BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 146 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 146.
Based on standard PPP eligibility rules, Market Enginuity, Inc.'s total 2019 payroll expenses were approximately $14.64M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 146 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Market Enginuity, Inc. in Phoenix, AZ
3131 E. Clarendon Ave. Suite 105
Phoenix, AZ 85016
Media Representatives (NAICS code 541840)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-09
Similar Companies near Phoenix
In the Phoenix area, 2 businesses in the "Media Representatives" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 146) and received an average PPP loan of $1,547,700 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
MP Media LLC
Industry PPP Comparison Statistics
Nationwide, 1,946 businesses in the "Media Representatives" industry received a total of $157,437,197.00 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 6 employees, 96% lower than Market Enginuity, Inc.'s reported 146 employees, and received an average PPP loan of $80,903, 97% lower than this company's loan of $3.05M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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