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PPP Loan Data — MDA Engineering, Inc.,
Maumee, OH
MDA Engineering, Inc.
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Maumee, OH
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MDA Engineering, Inc. is a subchapter s corporation located at 1415 Holland Rd Ste B in Maumee, Ohio that received a Coronavirus-related PPP loan from the SBA of $366,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
22Loan Approved:
2020-04-14Lender:
SIGNATURE BANK, NATIONAL ASSOCIATIONMDA Engineering, Inc. received a Paycheck Protection Loan of $366,300 through SIGNATURE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MDA Engineering, Inc.'s total 2019 payroll expenses were approximately $1.76M in order to qualify for the PPP loan amount received.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $79,920 per employee1.
Business Information - MDA Engineering, Inc. in Maumee, OH
1415 Holland Rd Ste B
Maumee, OH 43537
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-05Similar Companies near Maumee
In the Maumee area, 8 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 22) and received an average PPP loan of $1,812,794 (compared to this company's $366,300).
Similar Nearby Businesses Who Received PPP Funding:
DGL Consulting Engineers LLC
Maumee, OH
The Jdi Group, Inc
Maumee, OH
Design Engineers & Consulting Associates, Inc.
Maumee, OH
The Mannik & Smith Group, Inc.
Maumee, OH
Buehrer Group Architecture & Engineering, Inc.
Maumee, OH
Program Solutions Group, LLC
Maumee, OH
Matrix Technologies, Inc.
Maumee, OH
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 36% lower than MDA Engineering, Inc.'s reported 22 employees, and received an average PPP loan of $249,856, 32% lower than this company's loan of $366,300.
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.
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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