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PPP Loan Data — Meridian Waste Acquisitions LLC,
Charlotte, NC
Meridian Waste Acquisitions LLC
Entity: Limited Liability Company (LLC)
Industry: Solid Waste Collection
Location: Charlotte, NC
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Meridian Waste Acquisitions LLC is a limited liability company (LLC) located at 5925 Carnegie Blvd Ste 370 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,646,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
384Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COMeridian Waste Acquisitions LLC in Charlotte, NC received a Paycheck Protection Loan of $5.65M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Meridian Waste Acquisitions LLC's total 2019 payroll expenses were approximately $27.1M in order to qualify for the PPP loan amount received.
Based on their reported 384 jobs retained, this equals an estimated average yearly compensation of $70,580 per employee1.
Business Information - Meridian Waste Acquisitions LLC in Charlotte, NC
5925 Carnegie Blvd Ste 370
Charlotte, NC 28209
Business Industry
Solid Waste Collection (NAICS code 562111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-09Similar Companies near Charlotte
In the Charlotte area, 2 businesses in the "Solid Waste Collection" industry received a PPP loan. These local businesses reported an average of 194 employees (compared to this company's 384) and received an average PPP loan of $2,850,350 (compared to this company's $5.65M).
Similar Nearby Businesses Who Received PPP Funding:
Evoluzione, LLC
Charlotte, NC
Industry PPP Comparison Statistics
Nationwide, 2,503 businesses in the "Solid Waste Collection" industry received a total of $523,743,053.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 17 employees, 96% lower than Meridian Waste Acquisitions LLC's reported 384 employees, and received an average PPP loan of $209,246, 96% lower than this company's loan of $5.65M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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