PPP Loan Data — Medrano USA Inc, Columbus, OH
Medrano USA Inc is a corporation located at 4311 Janitrol Rd in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,146,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Medrano USA Inc in Columbus, OH received a Paycheck Protection Loan of $2.15M through Fifth Third 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, Medrano USA Inc's 2019 payroll expenses are estimated to be at least $10.31M.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $33,242 per employee1
Reported PPP Proceed Usage:
On the PPP application, Medrano USA Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,146,900
Business Information - Medrano USA Inc in Columbus, OH
4311 Janitrol Rd
Columbus, OH 43228
Wood Container and Pallet Manufacturing
NAICS code 321920
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,293 businesses in the "Wood Container and Pallet Manufacturing" industry received a total of $379.46M 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 22 employees, 93% lower than Medrano USA Inc's reported 310 employees, and received an average PPP loan of $165,486, 92% lower than this company's loan of $2.15M.
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Footnotes & Information
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