PPP Loan Data — Mediabridge One, LLC, El Paso, TX
Mediabridge One, LLC is a sole proprietorship located at 6220 Franklin Hawk Ave in El Paso, Texas that received a Coronavirus-related PPP loan from the SBA of $24,960.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Mediabridge One, LLC in El Paso, TX received a Paycheck Protection Loan of $24,960 through Bank of America, National Association, which was approved in May, 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, Mediabridge One, LLC's 2019 payroll expenses are estimated to be at least $119,808.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mediabridge One, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,960
Business Information - Mediabridge One, LLC in El Paso, TX
6220 Franklin Hawk Ave
El Paso, TX 79912
Other Services Related to Advertising
NAICS code 541890
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 12,550 businesses in the "Other Services Related to Advertising" industry received a total of $692.9M 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, 67% higher than Mediabridge One, LLC's reported 3 employees, and received an average PPP loan of $55,211, 121% higher than this company's loan of $24,960.
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Footnotes & Information
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