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PPP Loan Data — MEB General Contractors, Inc.,
Chesapeake, VA
MEB General Contractors, Inc.
Entity: Subchapter S Corporation
Industry: Other Heavy and Civil Engineering Construction
Location: Chesapeake, VA
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MEB General Contractors, Inc. is a subchapter s corporation located at Po Box 6748 in Chesapeake, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,287,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-06Lender:
TOWNE BANKMEB General Contractors, Inc. received a Paycheck Protection Loan of $3.29M through TOWNE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MEB General Contractors, Inc.'s total 2019 payroll expenses were approximately $15.78M in order to qualify for the PPP loan amount received.
Unlike most businesses, MEB General Contractors, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - MEB General Contractors, Inc. in Chesapeake, VA
Po Box 6748
Chesapeake, VA 23323
Business Industry
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: VA-03Similar Companies near Chesapeake
In the Chesapeake area, 4 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $984,575 (compared to this company's $3.29M).
Similar Nearby Businesses Who Received PPP Funding:
Norfolk Coating Services, LLC
Chesapeake, VA
Northwest Contractors, Inc.
Chesapeake, VA
The Kennedy Company Of Va, Inc.
Chesapeake, VA
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, and received an average PPP loan of $308,548, 91% lower than this company's loan of $3.29M.
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.
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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