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PPP Loan Data — Mcpc Inc, Cleveland, OH

SBA PPP loan data, payroll data, and salaries for Mcpc Inc
OH

Mcpc Inc is a corporation located at 21500 Aerospace Parkway in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $4,758,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.76M

Jobs Retained:

369

Loan Approved:

2020-04-05

Lender:

PNC BANK, NATIONAL ASSOCIATION

Mcpc Inc received a Paycheck Protection Loan of $4.76M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mcpc Inc's total 2019 payroll expenses were approximately $22.84M in order to qualify for the PPP loan amount received.

Based on their reported 369 jobs retained, this equals an estimated average yearly compensation of $61,904 per employee1.

Because the loan received by Mcpc 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 - Mcpc Inc in Cleveland, OH

Mcpc Inc
21500 Aerospace Parkway
Cleveland, OH 44142

Business Industry

Computer and Computer Peripheral Equipment and Software Merchant Wholesalers (NAICS code 423430)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-09

Similar Companies near Cleveland

In the Cleveland area, 2 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 188 employees (compared to this company's 369) and received an average PPP loan of $2,428,300 (compared to this company's $4.76M).

Similar Nearby Businesses Who Received PPP Funding:

Lighthouse Solutions Group LLC
Brookpark, OH

$97,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,714 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $530,433,905.00 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 12 employees, 97% lower than Mcpc Inc's reported 369 employees, and received an average PPP loan of $195,444, 96% lower than this company's loan of $4.76M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/mcpc-inc-cleveland-oh