PPP Loan Data — Melchior Building Company Inc, Perrysburg, OH
Melchior Building Company Inc is a corporation located at 900 W South Boundary St Bldg 5a in Perrysburg, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,362.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Waterford Bank, National Association
Melchior Building Company Inc in Perrysburg, OH received a Paycheck Protection Loan of $25,362 through Waterford Bank, National Association, which was approved in January, 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, Melchior Building Company Inc's 2019 payroll expenses are estimated to be at least $121,738.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,869 per employee1
Reported PPP Proceed Usage:
On the PPP application, Melchior Building Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,362
Business Information - Melchior Building Company Inc in Perrysburg, OH
900 W South Boundary St Bldg 5a
Perrysburg, OH 43551
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Perrysburg
In the Perrysburg area, 5 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $49,156 (compared to this company's $25,362).
Similar Nearby Businesses Who Received PPP Funding:
Utopia Construction, Inc
Mavillino Custom Homes, LLC
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B 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 7 employees, 250% higher than Melchior Building Company Inc's reported 2 employees, and received an average PPP loan of $76,411, 201% higher than this company's loan of $25,362.
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Footnotes & Information
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