PPP Loan Data — MDP Research Inc, Glastonbury, CT
MDP Research Inc is a corporation located at 2389 Main St in Glastonbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,358.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
MDP Research Inc in Glastonbury, CT received a Paycheck Protection Loan of $25,358 through Liberty Bank, which was approved in April, 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, MDP Research Inc's 2019 payroll expenses are estimated to be at least $121,718.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,859 per employee1
Reported PPP Proceed Usage:
On the PPP application, MDP Research Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,358
Business Information - MDP Research Inc in Glastonbury, CT
2389 Main St
Glastonbury, CT 6033
NAICS code 813920
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Glastonbury
In the Glastonbury area, 6 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $29,076 (compared to this company's $25,358).
Similar Nearby Businesses Who Received PPP Funding:
BN Palacio Enterprises Inc
Electronic Healthcare Network
Amston Studio LLC
Industry PPP Comparison Statistics
Nationwide, 9,613 businesses in the "Professional Organizations" industry received a total of $906.24M 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 8 employees, 300% higher than MDP Research Inc's reported 2 employees, and received an average PPP loan of $94,273, 272% higher than this company's loan of $25,358.
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Footnotes & Information
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