PPP Loan Data — Medical Disposal Services Incorporated, Layton, UT
Medical Disposal Services Incorporated is a corporation located at 382 Marshal Way Unit E in Layton, Utah that received a Coronavirus-related PPP loan from the SBA of $46,106.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Medical Disposal Services Incorporated in Layton, UT received a Paycheck Protection Loan of $46,106 through Wells Fargo Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Medical Disposal Services Incorporated's 2019 payroll expenses are estimated to be at least $221,309.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,885 per employee1
Reported PPP Proceed Usage:
On the PPP application, Medical Disposal Services Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,106
Business Information - Medical Disposal Services Incorporated in Layton, UT
382 Marshal Way Unit E
Layton, UT 84041
Other Waste Collection
NAICS code 562119
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Layton
In the Layton area, 2 businesses in the "Other Waste Collection" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $33,829 (compared to this company's $46,106).
Similar Nearby Businesses Who Received PPP Funding:
Dumps Easy LLC
Industry PPP Comparison Statistics
Nationwide, 2,636 businesses in the "Other Waste Collection" industry received a total of $254.12M 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 10 employees, 67% higher than Medical Disposal Services Incorporated's reported 6 employees, and received an average PPP loan of $96,403, 109% higher than this company's loan of $46,106.
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Footnotes & Information
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