PPP Loan Data — MCH Auxiliary Thrift Shop, Inc, Blair, NE
MCH Auxiliary Thrift Shop, Inc is a non-profit organization located at 238 N 13th St in Blair, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned non-profit, and employed at least fourteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington County Bank
MCH Auxiliary Thrift Shop, Inc in Blair, NE received a Paycheck Protection Loan of $25,000 through Washington County 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 December, 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, MCH Auxiliary Thrift Shop, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,571 per employee1
Reported PPP Proceed Usage:
On the PPP application, MCH Auxiliary Thrift Shop, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,000
- Utilities: $3,000
Business Information - MCH Auxiliary Thrift Shop, Inc in Blair, NE
238 N 13th St
Blair, NE 68008
Family Clothing Stores
NAICS code 448140
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Blair
In the Blair area, 3 businesses in the "Family Clothing Stores" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 14) and received an average PPP loan of $18,756 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
MCH Auxilliary Thrift Shop
Industry PPP Comparison Statistics
Nationwide, 15,837 businesses in the "Family Clothing Stores" industry received a total of $516.91M 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 5 employees, 64% lower than MCH Auxiliary Thrift Shop, Inc's reported 14 employees, and received an average PPP loan of $32,640, 31% higher than this company's loan of $25,000.
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Footnotes & Information
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