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PPP Loan Data — Melchior Building Company Inc, Perrysburg, OH

SBA PPP loan data, payroll data, and salaries for Melchior Building Company Inc
OH

Melchior Building Company Inc

Entity: Corporation

Industry: New Housing For-Sale Builders

Location: Perrysburg, OH

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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 #4023008307

Loan Size:

$25,362

Jobs Retained:

2

Loan Approved:

2021-01-22

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.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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

Melchior Building Company Inc
900 W South Boundary St Bldg 5a
Perrysburg, OH 43551

Business Industry:
New Housing For-Sale Builders
NAICS code 236117

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Wood County, OH — SBA Office 0549 — Congressional District: OH-05

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).

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.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/melchior-building-company-inc-perrysburg-oh