PPP Loan Data — Master-Bilt Products, LLC, New Albany, MS
Master-Bilt Products, LLC
Entity: Limited Liability Company (LLC)
Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Location: New Albany, MSTweet This • Search All PPP Data
Master-Bilt Products, LLC is a limited liability company (LLC) located at 908 State Highway 15 in New Albany, Mississippi that received a Coronavirus-related PPP loan from the SBA of $3,343,000.00 in April, 2020.
$ PPP Loan Information
Lender:HIAWATHA NATIONAL BANK
Master-Bilt Products, LLC received a Paycheck Protection Loan of $3.34M through HIAWATHA NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Master-Bilt Products, LLC's total 2019 payroll expenses were approximately $16.05M in order to qualify for the PPP loan amount received.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $50,780 per employee1.
Business Information - Master-Bilt Products, LLC in New Albany, MS
908 State Highway 15
New Albany, MS 38652
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MS-01
Industry PPP Comparison Statistics
Nationwide, 1,371 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a total of $368,409,539.00 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 20 employees, 94% lower than Master-Bilt Products, LLC's reported 316 employees, and received an average PPP loan of $268,716, 92% lower than this company's loan of $3.34M.
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